SEGRO (LON:SGRO – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 1,042 ($12.97) price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 24.64% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Barclays raised SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Shore Capital reiterated a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.00) price objective for the company in a research report on Thursday, March 21st. Finally, Berenberg Bank increased their price target on shares of SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the company a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 982 ($12.22).
Read Our Latest Report on SGRO
SEGRO Stock Performance
Insider Activity
In related news, insider Carol Fairweather purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was purchased at an average price of GBX 878 ($10.93) per share, with a total value of £70,240 ($87,439.31). Insiders own 0.26% of the company’s stock.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.
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