SEGRO plc’s (SGRO) Add Rating Reaffirmed at Numis Securities Ltd
SEGRO plc (LON:SGRO)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Thursday. They presently have a GBX 580 ($7.71) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price objective would suggest a potential upside of 5.65% from the stock’s current price.
A number of other research firms have also commented on SGRO. Peel Hunt raised their price objective on shares of SEGRO plc from GBX 450 ($5.98) to GBX 550 ($7.31) and gave the company an “add” rating in a research note on Tuesday, July 25th. Liberum Capital raised their price objective on shares of SEGRO plc from GBX 475 ($6.31) to GBX 505 ($6.71) and gave the company a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC raised their price objective on shares of SEGRO plc from GBX 520 ($6.91) to GBX 570 ($7.57) and gave the company an “overweight” rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co raised their price objective on shares of SEGRO plc from GBX 465 ($6.18) to GBX 540 ($7.18) and gave the company an “underweight” rating in a research note on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 535 ($7.11) price objective 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 assigned a hold rating and four have assigned a buy rating to the stock. SEGRO plc has an average rating of “Hold” and a consensus target price of GBX 523.67 ($6.96).
SEGRO plc (LON SGRO) traded down 0.45% during trading on Thursday, reaching GBX 549.00. The company’s stock had a trading volume of 2,798,781 shares. The firm has a 50 day moving average of GBX 538.01 and a 200 day moving average of GBX 510.03. SEGRO plc has a 52 week low of GBX 384.52 and a 52 week high of GBX 556.50. The stock’s market capitalization is GBX 5.13 billion.
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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