SEGRO plc (SGRO) Rating Reiterated by Citigroup Inc

SEGRO plc (LON:SGRO)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc in a report released on Friday, April 21st. They presently have a GBX 560 ($7.23) target price on the real estate investment trust’s stock. Citigroup Inc’s price objective indicates a potential upside of 14.43% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Peel Hunt reissued an “add” rating and set a GBX 450 ($5.81) price target on shares of SEGRO plc in a research report on Wednesday, January 11th. Canaccord Genuity reduced their price target on shares of SEGRO plc from GBX 525 ($6.78) to GBX 515 ($6.65) and set a “buy” rating on the stock in a research report on Thursday, April 6th. Jefferies Group LLC reissued a “hold” rating and set a GBX 445 ($5.74) price target on shares of SEGRO plc in a research report on Thursday, January 19th. Numis Securities Ltd raised their target price on shares of SEGRO plc from GBX 441 ($5.69) to GBX 484 ($6.25) and gave the company a “hold” rating in a report on Friday, January 13th. Finally, Liberum Capital raised their target price on shares of SEGRO plc from GBX 460 ($5.94) to GBX 490 ($6.33) and gave the company a “hold” rating in a report on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 482.93 ($6.23).

Analyst Recommendations for SEGRO plc (LON:SGRO)

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In other news, insider Christopher Fisher acquired 17,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were purchased at an average cost of GBX 453 ($5.85) per share, for a total transaction of £77,010 ($99,406.22). Also, insider Soumen Das acquired 9,054 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of GBX 453 ($5.85) per share, for a total transaction of £41,014.62 ($52,942.58).

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).

12 Month Chart for LON:SGRO

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