SEGRO plc’s (SGRO) Neutral Rating Reiterated at BNP Paribas
BNP Paribas reiterated their neutral rating on shares of SEGRO plc (LON:SGRO) in a research note published on Monday morning. The brokerage currently has a GBX 480 ($6.27) price target on the real estate investment trust’s stock.
Several other analysts also recently commented on SGRO. Liberum Capital reaffirmed a buy rating and set a GBX 475 ($6.20) price objective on shares of SEGRO plc in a research report on Friday, September 2nd. Jefferies Group raised their price objective on shares of SEGRO plc from GBX 380 ($4.96) to GBX 425 ($5.55) and gave the stock a hold rating in a research report on Friday, August 19th. Numis Securities Ltd reduced their price target on shares of SEGRO plc from GBX 446 ($5.82) to GBX 442 ($5.77) and set a hold rating for the company in a research report on Tuesday, August 16th. Peel Hunt reissued an add rating and issued a GBX 450 ($5.87) price target on shares of SEGRO plc in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 480 ($6.27) price target on shares of SEGRO plc in a research report on Wednesday, July 27th. 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).
SEGRO plc (LON:SGRO) opened at 449.10 on Monday. SEGRO plc has a 12 month low of GBX 331.40 and a 12 month high of GBX 463.90. The company’s market capitalization is GBX 3.38 billion. The stock has a 50 day moving average of GBX 447.86 and a 200 day moving average of GBX 429.26.
The business also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, August 18th were issued a dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.19%. The ex-dividend date of this dividend was Thursday, August 18th.
SEGRO plc Company Profile
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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