SEGRO plc’s (SGRO) Neutral Rating Reiterated at BNP Paribas
SEGRO plc (LON:SGRO)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a note issued to investors on Monday. They presently have a GBX 480 ($6.27) price objective on the real estate investment trust’s stock. BNP Paribas’ price target would indicate a potential upside of 5.77% from the company’s previous close.
Other analysts have also recently issued reports about the company. HSBC increased their price target on SEGRO plc from GBX 418 ($5.46) to GBX 439 ($5.73) and gave the stock a “hold” rating in a research report on Friday. Numis Securities Ltd dropped their price target on SEGRO plc from GBX 446 ($5.82) to GBX 442 ($5.77) and set a “hold” rating on the stock in a research report on Tuesday, August 16th. Liberum Capital dropped their price target on SEGRO plc from GBX 487 ($6.36) to GBX 475 ($6.20) and set a “buy” rating on the stock in a research report on Monday, July 4th. Peel Hunt reiterated an “add” rating and set a GBX 450 ($5.87) price target on shares of SEGRO plc in a research report on Tuesday, July 26th. Finally, Citigroup Inc. cut SEGRO plc to a “neutral” rating and set a GBX 451 ($5.89) price target on the stock. in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. SEGRO plc has a consensus rating of “Hold” and a consensus price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 451.40 on Monday. The firm’s 50-day moving average price is GBX 447.24 and its 200-day moving average price is GBX 427.87. SEGRO plc has a 52-week low of GBX 331.40 and a 52-week high of GBX 460.40. The stock’s market capitalization is GBX 3.40 billion.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were given a GBX 5.20 ($0.07) dividend. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.19%.
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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