JPMorgan Chase & Co. Increases SEGRO (SGRO) Price Target to GBX 600
SEGRO (LON:SGRO) had its price target hoisted by JPMorgan Chase & Co. from GBX 540 ($7.32) to GBX 600 ($8.14) in a research report released on Monday. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.
A number of other equities analysts also recently commented on the stock. Canaccord Genuity raised their price objective on shares of SEGRO from GBX 560 ($7.59) to GBX 620 ($8.41) and gave the stock a buy rating in a report on Friday, December 22nd. Peel Hunt reaffirmed an add rating on shares of SEGRO in a report on Friday, October 6th. Liberum Capital reaffirmed a hold rating and set a GBX 505 ($6.85) price objective on shares of SEGRO in a report on Wednesday, November 1st. Goldman Sachs Group reaffirmed a neutral rating and set a GBX 535 ($7.26) price objective on shares of SEGRO in a report on Wednesday, September 27th. Finally, Numis Securities reaffirmed an add rating and set a GBX 580 ($7.87) price objective on shares of SEGRO in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. SEGRO presently has a consensus rating of Hold and a consensus target price of GBX 555.83 ($7.54).
SEGRO (SGRO) traded up GBX 3.20 ($0.04) during trading hours on Monday, hitting GBX 579.20 ($7.85). 2,662,149 shares of the stock were exchanged, compared to its average volume of 2,040,000. The company has a market cap of $5,780.00 and a P/E ratio of 851.76. SEGRO has a one year low of GBX 431.01 ($5.84) and a one year high of GBX 590.80 ($8.01).
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).
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