SEGRO (SGRO) Upgraded at Liberum Capital
SEGRO (LON:SGRO) was upgraded by equities researchers at Liberum Capital to a “buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 640 ($8.61) price target on the real estate investment trust’s stock, up from their prior price target of GBX 505 ($6.80). Liberum Capital’s price objective would indicate a potential upside of 11.39% from the company’s current price.
Several other research firms have also commented on SGRO. Numis Securities reiterated an “add” rating and issued a GBX 580 ($7.81) price objective on shares of SEGRO in a research report on Tuesday, September 26th. Peel Hunt reiterated an “add” rating on shares of SEGRO in a research report on Wednesday, November 1st. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 535 ($7.20) target price on shares of SEGRO in a research note on Wednesday, September 27th. Finally, J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 540 ($7.27) target price on shares of SEGRO in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 534.92 ($7.20).
SEGRO (LON:SGRO) traded up GBX 6.58 ($0.09) during trading on Friday, hitting GBX 574.58 ($7.73). 6,790,000 shares of the company traded hands, compared to its average volume of 2,250,000. SEGRO has a 1-year low of GBX 415.69 ($5.59) and a 1-year high of GBX 579.50 ($7.80).
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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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