SEGRO plc (SGRO) Receives “Hold” Rating from Deutsche Bank AG
SEGRO plc (LON:SGRO)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 400 ($5.22) target price on the real estate investment trust’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 12.13% from the stock’s previous close.
SGRO has been the subject of several other research reports. BNP Paribas restated a “neutral” rating and set a GBX 450 ($5.87) price target on shares of SEGRO plc in a report on Monday, June 20th. Canaccord Genuity raised their price objective on SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the company a “hold” rating in a research note on Friday, August 26th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 441 ($5.76) price objective on shares of SEGRO plc in a research note on Thursday, September 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 475 ($6.20) price objective on shares of SEGRO plc in a research note on Friday, September 2nd. Finally, Goldman Sachs Group Inc. lowered their price objective on SEGRO plc from GBX 555 ($7.24) to GBX 475 ($6.20) and set a “buy” rating for the company in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 455.20 on Tuesday. The stock’s market capitalization is GBX 3.42 billion. SEGRO plc has a 52 week low of GBX 331.40 and a 52 week high of GBX 460.40. The company has a 50-day moving average price of GBX 447.57 and a 200 day moving average price of GBX 428.59.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, August 18th were paid a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a 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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