SEGRO plc (LON:SGRO) Raised to “Add” at Numis Securities Ltd

SEGRO plc (LON:SGRO) was upgraded by analysts at Numis Securities Ltd to an “add” rating in a report issued on Tuesday, July 25th. The firm presently has a GBX 565 ($7.36) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price objective would suggest a potential upside of 7.41% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their target price on SEGRO plc from GBX 465 ($6.06) to GBX 540 ($7.03) and gave the stock an “underweight” rating in a research report on Tuesday, July 25th. Peel Hunt reaffirmed an “add” rating and set a GBX 450 ($5.86) target price on shares of SEGRO plc in a research report on Wednesday, April 19th. HSBC Holdings plc raised their target price on SEGRO plc from GBX 478 ($6.22) to GBX 487 ($6.34) and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Citigroup Inc. reissued a “buy” rating and issued a GBX 560 ($7.29) price objective on shares of SEGRO plc in a research report on Friday, April 21st. Finally, Jefferies Group LLC lowered their price objective on SEGRO plc from GBX 425 ($5.53) to GBX 420 ($5.47) and set an “underperform” rating for the company in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 512.79 ($6.68).

Shares of SEGRO plc (LON SGRO) opened at 526.00 on Tuesday. The company has a 50-day moving average price of GBX 507.49 and a 200-day moving average price of GBX 488.74. The company’s market cap is GBX 5.25 billion. SEGRO plc has a 12-month low of GBX 402.20 and a 12-month high of GBX 547.50.

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SEGRO plc Company Profile

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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