SEGRO plc (LON:SGRO) PT Raised to GBX 570 at Barclays PLC
SEGRO plc (LON:SGRO) had its price objective hoisted by Barclays PLC from GBX 520 ($6.75) to GBX 570 ($7.40) in a research report sent to investors on Thursday, August 3rd. The brokerage currently has an overweight rating on the real estate investment trust’s stock.
A number of other analysts have also recently commented on the company. Citigroup Inc. reiterated a buy rating and set a GBX 560 ($7.27) price objective on shares of SEGRO plc in a research report on Friday, April 21st. Jefferies Group LLC lowered their price target on SEGRO plc from GBX 425 ($5.52) to GBX 420 ($5.45) and set an underperform rating for the company in a report on Wednesday, April 26th. Peel Hunt restated an add rating and issued a GBX 450 ($5.84) price target on shares of SEGRO plc in a report on Wednesday, April 19th. HSBC Holdings plc lifted their price target on SEGRO plc from GBX 487 ($6.32) to GBX 489 ($6.35) and gave the company a hold rating in a report on Tuesday, July 4th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 494 ($6.41) price target on shares of SEGRO plc in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 512.79 ($6.66).
Shares of SEGRO plc (SGRO) opened at 538.00 on Thursday. The stock’s market cap is GBX 5.02 billion. SEGRO plc has a 12-month low of GBX 402.20 and a 12-month high of GBX 547.50. The stock’s 50 day moving average is GBX 509.32 and its 200-day moving average is GBX 490.03.
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SEGRO plc Company Profile
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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