SEGRO (SGRO) Rating Reiterated by Deutsche Bank
SEGRO (LON:SGRO)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank in a research report issued to clients and investors on Tuesday.
A number of other brokerages have also recently issued reports on SGRO. Liberum Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Friday, October 12th. Numis Securities raised shares of SEGRO to an “add” rating and set a GBX 712 ($9.30) price objective for the company in a research note on Wednesday, October 17th. Peel Hunt reaffirmed a “hold” rating on shares of SEGRO in a research note on Wednesday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of SEGRO from GBX 640 ($8.36) to GBX 660 ($8.62) and gave the company an “underweight” rating in a research note on Tuesday, October 16th. Finally, Barclays upped their price objective on shares of SEGRO from GBX 690 ($9.02) to GBX 700 ($9.15) and gave the company an “overweight” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. SEGRO has a consensus rating of “Buy” and a consensus target price of GBX 661.92 ($8.65).
Shares of SEGRO stock opened at GBX 608 ($7.94) on Tuesday. SEGRO has a 52-week low of GBX 447.40 ($5.85) and a 52-week high of GBX 612.80 ($8.01).
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 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.
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