SEGRO plc (LON:SGRO) Given Average Recommendation of “Hold” by Analysts
SEGRO plc (LON:SGRO) has been given a consensus rating of “Hold” by the eighteen analysts that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 451.89 ($5.90).
SGRO has been the topic of a number of recent research reports. BNP Paribas restated a “neutral” rating and issued a GBX 390 ($5.09) price target on shares of SEGRO plc in a research report on Sunday, July 10th. Morgan Stanley upgraded shares of SEGRO plc to an “overweight” rating and raised their price target for the stock from GBX 420 ($5.48) to GBX 480 ($6.27) in a research report on Wednesday, August 31st. HSBC raised their price target on shares of 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, September 30th. Citigroup Inc. downgraded shares of 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. Finally, Canaccord Genuity raised their price target on shares of SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the stock a “hold” rating in a research report on Friday, August 26th.
Shares of SEGRO plc (LON:SGRO) traded down 2.65% on Wednesday, hitting GBX 448.40. 2,686,785 shares of the stock were exchanged. SEGRO plc has a one year low of GBX 331.40 and a one year high of GBX 463.90. The firm’s market cap is GBX 3.37 billion. The firm’s 50 day moving average price is GBX 447.92 and its 200 day moving average price is GBX 428.96.
The business also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, August 18th were issued a dividend of GBX 5.20 ($0.07) per share. 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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