Liberum Capital restated their buy rating on shares of SEGRO plc (LON:SGRO) in a report released on Thursday. They currently have a GBX 475 ($6.20) price target on the real estate investment trust’s stock.
A number of other equities research analysts have also recently commented on the company. Numis Securities Ltd restated a hold rating and set a GBX 441 ($5.76) target price on shares of SEGRO plc in a research report on Thursday, September 8th. BNP Paribas restated a neutral rating and set a GBX 420 ($5.48) target price on shares of SEGRO plc in a research report on Thursday, September 1st. Morgan Stanley upgraded SEGRO plc to an overweight rating and raised their target price for the company from GBX 420 ($5.48) to GBX 480 ($6.27) in a research report on Wednesday, August 31st. Canaccord Genuity raised their target price on SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the company a hold rating in a research report on Friday, August 26th. Finally, Jefferies Group raised their target price on SEGRO plc from GBX 380 ($4.96) to GBX 425 ($5.55) and gave the company a hold rating in a research report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 448.56 ($5.86).
Shares of SEGRO plc (LON:SGRO) opened at 446.50 on Thursday. SEGRO plc has a one year low of GBX 331.40 and a one year high of GBX 460.40. The company’s market cap is GBX 3.36 billion. The company has a 50 day moving average price of GBX 446.94 and a 200 day moving average price of GBX 427.69.
The company also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, August 18th will be given a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, August 18th.
SEGRO plc Company Profile
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company’s segments are the geographical business units, which 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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