SEGRO (SGRO) Price Target Increased to GBX 600 by Analysts at JPMorgan Chase & Co.
SEGRO (LON:SGRO) had its price target raised by research analysts at JPMorgan Chase & Co. from GBX 540 ($7.32) to GBX 600 ($8.14) in a research note issued to investors on Monday. The firm presently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 4.68% from the stock’s current price.
A number of other research firms have also recently commented on SGRO. Liberum Capital restated a “buy” rating and issued a GBX 640 ($8.68) price target on shares of SEGRO in a report on Monday, January 8th. Canaccord Genuity upped their price target on shares of SEGRO from GBX 560 ($7.59) to GBX 620 ($8.41) and gave the stock a “buy” rating in a report on Friday, December 22nd. Numis Securities restated an “add” rating and issued a GBX 580 ($7.87) price target on shares of SEGRO in a report on Thursday, October 19th. Peel Hunt restated an “add” rating on shares of SEGRO in a report on Wednesday, November 1st. Finally, Goldman Sachs Group restated a “neutral” rating and issued a GBX 535 ($7.26) price target on shares of SEGRO in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. SEGRO currently has a consensus rating of “Hold” and an average target price of GBX 548.67 ($7.44).
SEGRO (LON:SGRO) opened at GBX 573.20 ($7.77) on Monday. The company has a market cap of $5,760.00 and a PE ratio of 842.94. SEGRO has a 1-year low of GBX 431.01 ($5.84) and a 1-year high of GBX 590.80 ($8.01).
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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