SEGRO plc (SGRO) Receives Consensus Rating of “Hold” from Brokerages
SEGRO plc (LON:SGRO) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 512.79 ($6.66).
SGRO has been the subject of a number of research analyst reports. Barclays PLC increased their target price on shares of SEGRO plc from GBX 520 ($6.75) to GBX 570 ($7.40) and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Liberum Capital increased their target price on shares of SEGRO plc from GBX 475 ($6.17) to GBX 505 ($6.56) and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Peel Hunt increased their target price on shares of SEGRO plc from GBX 450 ($5.84) to GBX 550 ($7.14) and gave the stock an “add” rating in a research report on Tuesday, July 25th. Numis Securities Ltd upgraded shares of SEGRO plc to an “add” rating and set a GBX 565 ($7.33) target price for the company in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co increased their target price on shares of SEGRO plc from GBX 465 ($6.04) to GBX 540 ($7.01) and gave the stock an “underweight” rating in a research report on Tuesday, July 25th.
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SEGRO plc (SGRO) traded down 1.69% during mid-day trading on Friday, hitting GBX 522.00. The stock had a trading volume of 2,061,717 shares. SEGRO plc has a one year low of GBX 402.20 and a one year high of GBX 547.50. The stock’s market cap is GBX 4.88 billion. The firm’s 50-day moving average is GBX 512.35 and its 200 day moving average is GBX 491.04.
About SEGRO plc
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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