SEGRO plc (SGRO) Receives GBX 512.79 Average Price Target from Analysts

SEGRO plc (LON:SGRO) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 512.79 ($6.62).

Several research firms recently commented on SGRO. Liberum Capital increased their price objective on SEGRO plc from GBX 475 ($6.13) to GBX 505 ($6.52) and gave the company a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC increased their price objective on SEGRO plc from GBX 520 ($6.72) to GBX 570 ($7.36) and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Peel Hunt increased their price objective on SEGRO plc from GBX 450 ($5.81) to GBX 550 ($7.10) and gave the company an “add” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co increased their price objective on SEGRO plc from GBX 465 ($6.01) to GBX 540 ($6.97) and gave the company an “underweight” rating in a research note on Tuesday, July 25th. Finally, Numis Securities Ltd raised SEGRO plc to an “add” rating and set a GBX 565 ($7.30) price objective for the company in a research note on Tuesday, July 25th.

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SEGRO plc (LON SGRO) remained flat at GBX 532.00 on Wednesday. The company’s stock had a trading volume of 4,744,818 shares. The stock’s market capitalization is GBX 4.97 billion. The firm has a 50 day moving average price of GBX 533.09 and a 200-day moving average price of GBX 498.29. SEGRO plc has a 12 month low of GBX 402.20 and a 12 month high of GBX 547.50.

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).

Analyst Recommendations for SEGRO plc (LON:SGRO)

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