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

Share on StockTwits

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.

Further Reading: What is Depreciation?

Analyst Recommendations for SEGRO (LON:SGRO)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Argan, Inc.  Receives Consensus Recommendation of “Strong Buy” from Analysts
Argan, Inc. Receives Consensus Recommendation of “Strong Buy” from Analysts
Cognex Co.  Expected to Announce Quarterly Sales of $171.07 Million
Cognex Co. Expected to Announce Quarterly Sales of $171.07 Million
Horizen Price Down 0.6% Over Last Day
Horizen Price Down 0.6% Over Last Day
KlondikeCoin  Trading Up 13.2% This Week
KlondikeCoin Trading Up 13.2% This Week
Republic Services, Inc.  Expected to Post Earnings of $0.75 Per Share
Republic Services, Inc. Expected to Post Earnings of $0.75 Per Share
$0.73 EPS Expected for Albany International Corp.  This Quarter
$0.73 EPS Expected for Albany International Corp. This Quarter


© 2006-2019 Ticker Report