Brokerages Set SEGRO plc (SGRO) Price Target at $521.27

SEGRO plc (LON:SGRO) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 521.27 ($6.85).

Several equities research analysts have recently weighed in on SGRO shares. Numis Securities Ltd raised SEGRO plc to an “add” rating and set a GBX 565 ($7.43) target price for the company in a research report on Tuesday, July 25th. HSBC Holdings plc upped their target price on SEGRO plc from GBX 487 ($6.40) to GBX 489 ($6.43) and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 535 ($7.03) target price on shares of SEGRO plc in a research report on Wednesday, September 27th. J P Morgan Chase & Co upped their target price on SEGRO plc from GBX 465 ($6.11) to GBX 540 ($7.10) and gave the stock an “underweight” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC upped their target price on SEGRO plc from GBX 520 ($6.84) to GBX 570 ($7.49) and gave the stock an “overweight” rating in a research report on Thursday, August 3rd.

SEGRO plc (LON:SGRO) traded up 0.92% during midday trading on Friday, reaching GBX 547.50. The company’s stock had a trading volume of 1,635,048 shares. The company’s market capitalization is GBX 5.11 billion. The company has a 50 day moving average of GBX 534.15 and a 200-day moving average of GBX 506.16. SEGRO plc has a 1-year low of GBX 384.52 and a 1-year high of GBX 547.50.

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About SEGRO plc

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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