SEGRO plc (SGRO) Price Target Raised to GBX 439 at HSBC
SEGRO plc (LON:SGRO) had its price objective lifted by HSBC from GBX 418 ($5.46) to GBX 439 ($5.73) in a research report released on Friday. The firm currently has a hold rating on the real estate investment trust’s stock.
A number of other brokerages have also commented on SGRO. Liberum Capital reiterated a buy rating and set a GBX 475 ($6.20) price target on shares of SEGRO plc in a report on Thursday, September 29th. Numis Securities Ltd dropped their price target on SEGRO plc from GBX 446 ($5.82) to GBX 442 ($5.77) and set a hold rating on the stock in a report on Tuesday, August 16th. BNP Paribas reiterated a neutral rating and set a GBX 390 ($5.09) price target on shares of SEGRO plc in a report on Saturday, July 16th. Canaccord Genuity boosted their target price on SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the company a hold rating in a research note on Friday, August 26th. Finally, Barclays PLC lowered their target price on SEGRO plc from GBX 460 ($6.00) to GBX 440 ($5.74) and set an equal weight rating on the stock in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 448.40 on Friday. The company’s market capitalization is GBX 3.37 billion. SEGRO plc has a 12 month low of GBX 331.40 and a 12 month high of GBX 463.90. The company’s 50 day moving average price is GBX 447.86 and its 200 day moving average price is GBX 429.26.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, August 18th were given a dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.19%. The ex-dividend date was Thursday, August 18th.
About SEGRO plc
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company’s segments are the geographical business units, which include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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