SEGRO plc (LON:SGRO) had its target price upped by equities researchers at HSBC Holdings plc from GBX 478 ($6.17) to GBX 487 ($6.29) in a note issued to investors on Wednesday, April 19th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. HSBC Holdings plc’s price objective indicates a potential downside of 0.49% from the company’s previous close.
SGRO has been the subject of several other research reports. Numis Securities Ltd upped their price target on shares of SEGRO plc from GBX 441 ($5.69) to GBX 484 ($6.25) and gave the company a “hold” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 500 ($6.45) price target on shares of SEGRO plc in a research report on Thursday, January 12th. Morgan Stanley cut their price objective on shares of SEGRO plc from GBX 530 ($6.84) to GBX 510 ($6.58) and set an “overweight” rating for the company in a research report on Monday, March 13th. Jefferies Group LLC restated a “hold” rating and set a GBX 445 ($5.74) price objective on shares of SEGRO plc in a research report on Monday, February 20th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 490 ($6.33) price objective on shares of SEGRO plc in a research report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. SEGRO plc has a consensus rating of “Hold” and a consensus target price of GBX 482.93 ($6.23).
SEGRO plc (LON:SGRO) traded up 0.27% during midday trading on Wednesday, reaching GBX 489.40. 2,420,318 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 4.06 billion. The stock’s 50-day moving average is GBX 482.00 and its 200-day moving average is GBX 461.07. SEGRO plc has a 12-month low of GBX 331.40 and a 12-month high of GBX 505.00.
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In related news, insider Christopher Fisher acquired 17,000 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were acquired at an average cost of GBX 453 ($5.85) per share, for a total transaction of £77,010 ($99,406.22). Also, insider Soumen Das acquired 9,054 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were bought at an average price of GBX 453 ($5.85) per share, for a total transaction of £41,014.62 ($52,942.58).
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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