SEGRO plc (SGRO) Given Consensus Recommendation of “Hold” by Brokerages
SEGRO plc (LON:SGRO) has earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 512.79 ($6.62).
A number of equities research analysts have issued reports on the company. Liberum Capital increased their price target on SEGRO plc from GBX 475 ($6.13) to GBX 505 ($6.52) and gave the company a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC increased their price target on SEGRO plc from GBX 520 ($6.72) to GBX 570 ($7.36) and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Peel Hunt increased their price target on SEGRO plc from GBX 450 ($5.81) to GBX 550 ($7.10) and gave the company an “add” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co increased their price target on SEGRO plc from GBX 465 ($6.01) to GBX 540 ($6.97) and gave the company an “underweight” rating in a research report on Tuesday, July 25th. Finally, Numis Securities Ltd raised SEGRO plc to an “add” rating and set a GBX 565 ($7.30) price target on the stock in a research report on Tuesday, July 25th.
SEGRO plc (LON:SGRO) traded down 1.11% during mid-day trading on Wednesday, hitting GBX 534.00. The company had a trading volume of 1,619,496 shares. The company has a 50-day moving average price of GBX 532.50 and a 200 day moving average price of GBX 497.82. The company’s market capitalization is GBX 4.99 billion. SEGRO plc has a 52-week low of GBX 384.52 and a 52-week high of GBX 547.50.
SEGRO plc Company Profile
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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