Deutsche Bank AG Reiterates “Hold” Rating for SEGRO plc (SGRO)
Deutsche Bank AG restated their hold rating on shares of SEGRO plc (LON:SGRO) in a report released on Tuesday morning. They currently have a GBX 400 ($5.22) price objective on the real estate investment trust’s stock.
Several other research analysts also recently weighed in on the stock. BNP Paribas restated a neutral rating and set a GBX 480 ($6.27) price objective on shares of SEGRO plc in a report on Monday, October 3rd. HSBC increased their target price on shares of SEGRO plc from GBX 418 ($5.46) to GBX 439 ($5.73) and gave the company a hold rating in a report on Friday, September 30th. Liberum Capital reiterated a buy rating and issued a GBX 475 ($6.20) target price on shares of SEGRO plc in a report on Thursday, September 29th. Numis Securities Ltd reiterated a hold rating and issued a GBX 441 ($5.76) target price on shares of SEGRO plc in a report on Thursday, September 8th. Finally, Morgan Stanley upgraded shares of SEGRO plc to an overweight rating and increased their target price for the company from GBX 420 ($5.48) to GBX 480 ($6.27) in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 440.20 on Tuesday. The firm’s market cap is GBX 3.31 billion. The firm has a 50-day moving average of GBX 447.64 and a 200 day moving average of GBX 429.44. SEGRO plc has a 52 week low of GBX 331.40 and a 52 week high of GBX 463.90.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were given a GBX 5.20 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a dividend yield of 1.19%.
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).
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.