SEGRO plc (LON:SGRO)‘s stock had its “underweight” rating reissued by J P Morgan Chase & Co in a research report issued to clients and investors on Thursday. They currently have a GBX 540 ($7.18) price objective on the real estate investment trust’s stock. J P Morgan Chase & Co’s price target would suggest a potential downside of 1.64% from the stock’s current price.

Several other brokerages have also recently issued reports on SGRO. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 580 ($7.71) target price on shares of SEGRO plc in a research note on Tuesday, September 26th. Peel Hunt lifted their target price on shares of SEGRO plc from GBX 450 ($5.98) to GBX 550 ($7.31) and gave the stock an “add” rating in a research note on Tuesday, July 25th. Liberum Capital lifted their target price on shares of SEGRO plc from GBX 475 ($6.31) to GBX 505 ($6.71) and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC lifted their target price on shares of SEGRO plc from GBX 520 ($6.91) to GBX 570 ($7.57) and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 535 ($7.11) target price on shares of SEGRO plc in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 523.67 ($6.96).

Shares of SEGRO plc (LON SGRO) traded down 0.45% during trading on Thursday, hitting GBX 549.00. 2,798,781 shares of the company were exchanged. The firm’s 50-day moving average price is GBX 538.01 and its 200 day moving average price is GBX 510.03. SEGRO plc has a 12 month low of GBX 384.52 and a 12 month high of GBX 556.50. The firm’s market capitalization is GBX 5.13 billion.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/22/segro-plc-sgro-stock-rating-reaffirmed-by-j-p-morgan-chase-co.html.

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).

Analyst Recommendations for SEGRO plc (LON:SGRO)

Receive News & Ratings for SEGRO plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO plc and related companies with MarketBeat.com's FREE daily email newsletter.