SEGRO (SGRO) Given New GBX 830 Price Target at Morgan Stanley

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SEGRO (LON:SGRO) had its target price hoisted by Morgan Stanley from GBX 760 ($9.93) to GBX 830 ($10.85) in a research note issued to investors on Thursday. Morgan Stanley currently has an underweight rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on SGRO. UBS Group reaffirmed a buy rating and set a GBX 750 ($9.80) price target (up from GBX 720 ($9.41)) on shares of SEGRO in a research report on Thursday. Liberum Capital reissued a buy rating on shares of SEGRO in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of SEGRO from GBX 670 ($8.75) to GBX 690 ($9.02) and gave the stock an underweight rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their target price on shares of SEGRO from GBX 625 ($8.17) to GBX 650 ($8.49) and gave the stock a sector performer rating in a research report on Friday, February 22nd. Finally, HSBC boosted their target price on shares of SEGRO from GBX 692 ($9.04) to GBX 705 ($9.21) and gave the stock a buy rating in a research report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. SEGRO currently has a consensus rating of Hold and an average target price of GBX 711.08 ($9.29).

Shares of LON SGRO traded up GBX 7.80 ($0.10) during midday trading on Thursday, reaching GBX 677.20 ($8.85). 1,790,526 shares of the stock were exchanged, compared to its average volume of 2,670,000. SEGRO has a 52-week low of GBX 447.40 ($5.85) and a 52-week high of GBX 612.80 ($8.01).

The business also recently declared a dividend, which will be paid on Thursday, May 2nd. Investors of record on Thursday, March 21st will be paid a GBX 13.25 ($0.17) dividend. This represents a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from SEGRO’s previous dividend of $5.55.

SEGRO Company Profile

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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Analyst Recommendations for SEGRO (LON:SGRO)

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