SEGRO plc (LON:SGRO)‘s stock had its “underweight” rating reissued by research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Thursday. They presently have a GBX 540 ($7.18) price objective on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective points to a potential downside of 2.53% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Peel Hunt reaffirmed an “add” rating on shares of SEGRO plc in a research note on Friday, October 6th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 580 ($7.71) price target on shares of SEGRO plc in a research note on Tuesday, September 26th. HSBC Holdings plc lifted their price target on shares of SEGRO plc from GBX 487 ($6.47) to GBX 489 ($6.50) and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Liberum Capital reissued a “hold” rating and set a GBX 505 ($6.71) price objective on shares of SEGRO plc in a report on Thursday. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 535 ($7.11) price objective on shares of SEGRO plc in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 523.67 ($6.96).
SEGRO plc (LON:SGRO) opened at 554.50 on Thursday. The firm’s market cap is GBX 5.18 billion. SEGRO plc has a 52 week low of GBX 384.52 and a 52 week high of GBX 555.54. The company’s 50 day moving average is GBX 536.99 and its 200-day moving average is GBX 509.46.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/10/19/segro-plcs-sgro-underweight-rating-reaffirmed-at-j-p-morgan-chase-co.html.
About SEGRO plc
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).
Receive News & Ratings for SEGRO plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO plc and related companies with MarketBeat.com's FREE daily email newsletter.