SEGRO plc (SGRO) Price Target Raised to GBX 439 at HSBC
SEGRO plc (LON:SGRO) had its target price increased by HSBC from GBX 418 ($5.46) to GBX 439 ($5.73) in a research note issued to investors on Friday morning. They currently have a hold rating on the real estate investment trust’s stock.
Several other equities research analysts also recently issued reports on the stock. Liberum Capital reaffirmed a buy rating and set a GBX 475 ($6.20) price target on shares of SEGRO plc in a research note on Thursday. Numis Securities Ltd reissued a hold rating and set a GBX 441 ($5.76) price objective on shares of SEGRO plc in a report on Thursday, September 8th. BNP Paribas reissued a neutral rating and set a GBX 420 ($5.48) price objective on shares of SEGRO plc in a report on Thursday, September 1st. Morgan Stanley raised shares of SEGRO plc to an overweight rating and raised their price objective for the stock from GBX 420 ($5.48) to GBX 480 ($6.27) in a report on Wednesday, August 31st. Finally, Canaccord Genuity raised their price objective on shares of SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the stock a hold rating in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) traded down 0.07% during trading on Friday, hitting GBX 453.50. 1,242,435 shares of the company were exchanged. SEGRO plc has a 12 month low of GBX 331.40 and a 12 month high of GBX 460.40. The stock’s market cap is GBX 3.41 billion. The company’s 50-day moving average price is GBX 447.24 and its 200 day moving average price is GBX 427.87.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were paid a GBX 5.20 ($0.07) dividend. This represents a dividend yield of 1.19%. The ex-dividend date was Thursday, August 18th.
About SEGRO plc
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company’s segments are the geographical business units, which 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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