SEGRO plc (LON:SGRO)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research note issued on Tuesday. They currently have a GBX 400 ($5.22) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s price objective would indicate a potential downside of 12.13% from the stock’s previous close.
Several other brokerages have also issued reports on SGRO. Liberum Capital reaffirmed a “buy” rating and set a GBX 475 ($6.20) price objective on shares of SEGRO plc in a report on Thursday, September 29th. Numis Securities Ltd dropped their price objective on SEGRO plc from GBX 446 ($5.82) to GBX 442 ($5.77) and set a “hold” rating on the stock in a report on Tuesday, August 16th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 390 ($5.09) price objective on shares of SEGRO plc in a report on Saturday, July 16th. Canaccord Genuity raised their price objective on SEGRO plc from GBX 405 ($5.29) to GBX 425 ($5.55) and gave the stock a “hold” rating in a report on Friday, August 26th. Finally, Barclays PLC dropped their price objective on SEGRO plc from GBX 460 ($6.00) to GBX 440 ($5.74) and set an “equal weight” rating on the stock in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. SEGRO plc presently has a consensus rating of “Hold” and an average target price of GBX 451.89 ($5.90).
Shares of SEGRO plc (LON:SGRO) opened at 455.20 on Tuesday. SEGRO plc has a 1-year low of GBX 331.40 and a 1-year high of GBX 460.40. The firm’s 50-day moving average price is GBX 447.57 and its 200 day moving average price is GBX 428.59. The stock’s market capitalization is GBX 3.42 billion.
The firm also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.19%.
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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