Segro (LON:SGRO)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research note issued to investors on Wednesday. They presently have a GBX 650 ($9.31) target price on the real estate investment trust’s stock. Liberum Capital’s price objective indicates a potential upside of 3.57% from the company’s current price.
Several other equities research analysts also recently commented on SGRO. Canaccord Genuity boosted their price objective on Segro from GBX 560 ($8.02) to GBX 620 ($8.88) and gave the company a “buy” rating in a report on Friday, December 22nd. JPMorgan Chase boosted their price objective on Segro from GBX 540 ($7.73) to GBX 600 ($8.59) and gave the company an “underweight” rating in a report on Monday, January 15th. Jefferies Group upgraded Segro to a “hold” rating and set a GBX 506 ($7.25) price objective for the company in a report on Thursday, January 18th. Deutsche Bank boosted their price objective on Segro from GBX 460 ($6.59) to GBX 570 ($8.16) and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, Numis Securities restated an “add” rating and set a GBX 640 ($9.16) price objective on shares of Segro in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 613 ($8.78).
LON SGRO opened at GBX 627.60 ($8.99) on Wednesday. Segro has a 52 week low of GBX 447.40 ($6.41) and a 52 week high of GBX 612.80 ($8.77).
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SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.
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