SEGRO plc (SGRO) Given Average Recommendation of “Hold” by Analysts
SEGRO plc (LON:SGRO) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 521.27 ($6.88).
A number of brokerages have recently commented on SGRO. Numis Securities Ltd upgraded shares of SEGRO plc to an “add” rating and set a GBX 565 ($7.46) target price on the stock in a report on Tuesday, July 25th. Liberum Capital restated a “hold” rating and set a GBX 505 ($6.66) target price on shares of SEGRO plc in a report on Thursday, October 19th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 540 ($7.13) target price on shares of SEGRO plc in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 535 ($7.06) target price on shares of SEGRO plc in a report on Wednesday, September 27th. Finally, Barclays PLC boosted their target price on shares of SEGRO plc from GBX 520 ($6.86) to GBX 570 ($7.52) and gave the company an “overweight” rating in a report on Thursday, August 3rd.
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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