SEGRO (SGRO) Rating Increased to Hold at Jefferies Group
SEGRO (LON:SGRO) was upgraded by Jefferies Group to a “hold” rating in a report issued on Thursday. The firm currently has a GBX 506 ($6.86) price target on the real estate investment trust’s stock. Jefferies Group’s price objective suggests a potential downside of 12.15% from the stock’s current price.
SGRO has been the topic of a number of other reports. Liberum Capital upgraded 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 report on Friday, December 15th. Peel Hunt reiterated an “add” rating on shares of SEGRO in a report on Friday, October 6th. Goldman Sachs Group reiterated a “neutral” rating and set a GBX 535 ($7.26) price target on shares of SEGRO in a report on Wednesday, September 27th. Numis Securities reiterated an “add” rating and set a GBX 580 ($7.87) price target on shares of SEGRO in a report on Thursday, October 19th. Finally, Canaccord Genuity upped their price target on shares of SEGRO from GBX 560 ($7.59) to GBX 620 ($8.41) and gave the company a “buy” rating in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 555.83 ($7.54).
SEGRO (LON SGRO) traded down GBX 2.80 ($0.04) during trading on Thursday, hitting GBX 576 ($7.81). 2,589,540 shares of the stock were exchanged, compared to its average volume of 2,040,000. SEGRO has a 12-month low of GBX 431.01 ($5.84) and a 12-month high of GBX 590.80 ($8.01). The company has a market cap of $5,780.00 and a P/E ratio of 847.06.
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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