Jefferies Group Raises SEGRO plc (SGRO) Price Target to GBX 414 …
SEGRO plc (LON:SGRO) had its target price increased by Jefferies Group from GBX 409 ($5.83) to GBX 414 ($5.90) in a research report released on Monday morning, Market Beat reports. The brokerage currently has a hold rating on the real estate investment trust s stock.
SGRO has been the subject of a number of other research reports. Peel Hunt reiterated a hold rating and issued a GBX 470 ($6.70) price target on shares of SEGRO plc in a research note on Monday, November 23rd. Numis Securities Ltd restated a hold rating and set a GBX 453 ($6.45) target price on shares of SEGRO plc in a research note on Tuesday, October 6th. Barclays raised their target price on shares of SEGRO plc from GBX 432 ($6.15) to GBX 450 ($6.41) and gave the stock an equal weight rating in a research note on Friday, October 30th. Kempen & Co restated a neutral rating and set a GBX 430 ($6.13) target price on shares of SEGRO plc in a research note on Monday, November 23rd. Finally, Liberum Capital restated a buy rating and set a GBX 487 ($6.94) target price on shares of SEGRO plc in a research note on Tuesday, December 15th. Thirteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 459.56 ($6.55). In other SEGRO plc news, insider Ford,Margaret Baroness bought 9,000 shares of SEGRO plc stock in a transaction on Thursday, December 3rd. The shares were purchased at an average cost of GBX 446 ($6.35) per share, with a total value of 40,140 ($57,187.63). Shares of SEGRO plc (LON:SGRO) opened at 426.4000 on Monday. The firm s 50-day moving average is GBX 424.66 and its 200 day moving average is GBX 432.17. The company s market capitalization is GBX 3.18 billion. SEGRO plc has a 52 week low of GBX 401.40 and a 52 week high of GBX 466.70.
SEGRO plc is a 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 are located in four European countries: the United Kingdom, France, Germany and Poland. The Company operates in five geographic segments: Greater London, which manages its wholly owned and joint venture holdings around Heathrow Airport and in Park Royal; Thames Valley and National Logistics, which includes Slough Trading Estate, Thames Valley and big box logistics outside London; Northern Europe, which manages the Company s wholly owned and SEGRO European Logistics Partnership (LON:SGRO) joint venture assets in Germany, Belgium and the Netherlands; Southern Europe segment, which manages its wholly owned and SELP joint venture assets in France and Italy, and Central Europe segment, which is engaged in managing its assets in Poland, the Czech Republic and Hungary.
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