SEGRO plc (LON:SGRO) Upgraded to Add at Numis Securities Ltd

SEGRO plc (LON:SGRO) was upgraded by Numis Securities Ltd to an “add” rating in a report released on Tuesday, July 25th. The firm presently has a GBX 565 ($7.33) price objective on the real estate investment trust’s stock. Numis Securities Ltd’s price objective suggests a potential upside of 8.24% from the stock’s current price.

Several other analysts have also issued reports on SGRO. Liberum Capital cut their price target on SEGRO plc from GBX 490 ($6.36) to GBX 475 ($6.17) and set a “hold” rating for the company in a report on Tuesday, March 28th. Canaccord Genuity cut their price target on SEGRO plc from GBX 525 ($6.82) to GBX 515 ($6.69) and set a “buy” rating for the company in a report on Thursday, April 6th. HSBC Holdings plc boosted their price target on SEGRO plc from GBX 478 ($6.21) to GBX 487 ($6.32) and gave the company a “hold” rating in a report on Wednesday, April 19th. Peel Hunt reissued an “add” rating and set a GBX 450 ($5.84) price target on shares of SEGRO plc in a report on Wednesday, April 19th. Finally, Citigroup Inc. reissued a “buy” rating and set a GBX 560 ($7.27) price target on shares of SEGRO plc in a report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 512.79 ($6.66).

SEGRO plc (LON SGRO) traded down 1.69% during midday trading on Tuesday, hitting GBX 522.00. 2,061,717 shares of the stock traded hands. The stock’s market capitalization is GBX 4.88 billion. SEGRO plc has a 12-month low of GBX 402.20 and a 12-month high of GBX 547.50. The firm’s 50 day moving average is GBX 512.35 and its 200-day moving average is GBX 491.04.

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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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