SEGRO (SGRO) Upgraded to “Hold” by Jefferies Group

SEGRO (LON:SGRO) was upgraded by investment analysts at Jefferies Group to a “hold” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 506 ($6.86) price objective on the real estate investment trust’s stock. Jefferies Group’s target price suggests a potential downside of 12.07% from the stock’s current price.

A number of other analysts have also issued reports on SGRO. JPMorgan Chase & Co. increased their price target on shares of SEGRO from GBX 540 ($7.32) to GBX 600 ($8.14) and gave the stock an “underweight” rating in a research report on Monday. Numis Securities reaffirmed an “add” rating and set a GBX 580 ($7.87) price objective on shares of SEGRO in a research report on Tuesday, September 26th. Liberum Capital reaffirmed a “buy” rating and set a GBX 640 ($8.68) price objective on shares of SEGRO in a research report on Monday, January 8th. Peel Hunt reaffirmed an “add” rating on shares of SEGRO in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 535 ($7.26) price objective on shares of SEGRO in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 555.83 ($7.54).

SEGRO (SGRO) traded down GBX 3.35 ($0.05) during midday trading on Thursday, hitting GBX 575.45 ($7.80). 1,480,000 shares of the stock were exchanged, compared to its average volume of 2,040,000. The stock has a market capitalization of $5,770.00 and a price-to-earnings ratio of 846.25. SEGRO has a 1-year low of GBX 431.01 ($5.84) and a 1-year high of GBX 590.80 ($8.01).

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SEGRO 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).

Analyst Recommendations for SEGRO (LON:SGRO)

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