SEGRO plc (LON:SGRO) had its price objective increased by HSBC from GBX 418 ($5.46) to GBX 439 ($5.73) in a research report sent to investors on Friday. HSBC currently has a hold rating on the real estate investment trust’s stock.
Several other research firms have also recently weighed in on SGRO. Liberum Capital restated a buy rating and issued a GBX 475 ($6.20) price target on shares of SEGRO plc in a research note on Friday, September 2nd. BNP Paribas restated a neutral rating and issued a GBX 420 ($5.48) price target on shares of SEGRO plc in a research note on Thursday, September 1st. Numis Securities Ltd decreased their price target on SEGRO plc from GBX 446 ($5.82) to GBX 442 ($5.77) and set a hold rating for the company in a research note on Tuesday, August 16th. Jefferies Group boosted their price target on SEGRO plc from GBX 380 ($4.96) to GBX 425 ($5.55) and gave the stock a hold rating in a research note on Friday, August 19th. Finally, Morgan Stanley upgraded SEGRO plc to an overweight rating and boosted their price target for the stock from GBX 420 ($5.48) to GBX 480 ($6.27) in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 453.00 on Friday. The firm has a 50 day moving average price of GBX 447.92 and a 200 day moving average price of GBX 428.96. The stock’s market cap is GBX 3.41 billion. SEGRO plc has a 12-month low of GBX 331.40 and a 12-month high of GBX 463.90.
The firm also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were paid a GBX 5.20 ($0.07) dividend. This represents a dividend 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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