SEGRO plc (SGRO) Price Target Raised to GBX 439 at HSBC

SEGRO plc (LON:SGRO) had its target price upped by stock analysts at HSBC from GBX 418 ($5.46) to GBX 439 ($5.73) in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. HSBC’s target price points to a potential downside of 1.66% from the company’s current price.

A number of other analysts have also recently issued reports on the stock. Liberum Capital restated a “buy” rating and set a GBX 475 ($6.20) target price on shares of SEGRO plc in a research note on Thursday. Numis Securities Ltd restated a “hold” rating and set a GBX 441 ($5.76) target price on shares of SEGRO plc in a research note 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 note on Thursday, September 1st. Morgan Stanley upgraded shares of SEGRO plc to an “overweight” rating and lifted their price objective for the stock from GBX 420 ($5.48) to GBX 480 ($6.27) in a research note on Wednesday, August 31st. Finally, Canaccord Genuity lifted their price objective on shares of SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the stock a “hold” rating in a research note on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 448.56 ($5.86).

Analyst Recommendations for SEGRO plc (LON:SGRO)

SEGRO plc (LON:SGRO) opened at 443.10 on Friday. SEGRO plc has a 12 month low of GBX 331.40 and a 12 month high of GBX 460.40. The firm’s market capitalization is GBX 3.33 billion. The stock’s 50 day moving average is GBX 446.94 and its 200-day moving average is GBX 427.69.

The firm also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, August 18th will be issued a dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.19%. The ex-dividend date is Thursday, August 18th.

About SEGRO plc

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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