SEGRO plc (SGRO) Given Average Recommendation of “Hold” by Analysts
SEGRO plc (LON:SGRO) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 548.55 ($7.44).
SGRO has been the subject of several recent research reports. Numis Securities reissued an “add” rating and set a GBX 580 ($7.87) target price on shares of SEGRO in a research report on Tuesday, September 26th. Peel Hunt reissued an “add” rating on shares of SEGRO in a research report on Wednesday, November 1st. Liberum Capital raised shares of SEGRO to a “buy” rating and boosted their target price for the stock from GBX 505 ($6.85) to GBX 640 ($8.68) in a research report on Friday, December 15th. Goldman Sachs Group reissued a “neutral” rating and set a GBX 535 ($7.26) target price on shares of SEGRO in a research report on Wednesday, September 27th. Finally, Canaccord Genuity boosted their target price on shares of SEGRO from GBX 560 ($7.59) to GBX 620 ($8.41) and gave the stock a “buy” rating in a research report on Friday, December 22nd.
SEGRO (SGRO) traded up GBX 4.40 ($0.06) during trading hours on Tuesday, hitting GBX 576.60 ($7.82). 1,973,055 shares of the stock traded hands, compared to its average volume of 2,070,000. The company has a market capitalization of $5,780.00 and a P/E ratio of 847.94. SEGRO has a one year low of GBX 431.01 ($5.84) and a one 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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