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SEGRO plc (SGRO) Earns Equal weight Rating from Morgan …

SEGRO Plc (SGRO) Earns Equal Weight Rating From Morgan ...Morgan Stanley restated their equal weight rating on shares of SEGRO plc (LON:SGRO) in a research note released on Monday morning, MarketBeat.Com[1] reports. Morgan Stanley currently has a GBX 440 ($6.41) price target on the real estate investment trust s stock.

SEGRO plc (LON:SGRO[2]) traded down 0.3282% on Monday, hitting GBX 425.2000. 879,478 shares of the stock were exchanged. The stock s market cap is GBX 3.17 billion. The company s 50 day moving average is GBX 431.02 and its 200 day moving average is GBX 431.57. SEGRO plc has a 1-year low of GBX 385.30 and a 1-year high of GBX 466.70. In other SEGRO plc news, insider Ford,Margaret Baroness bought 9,000 shares of the business s stock in a transaction on Thursday, December 3rd. The shares were bought at an average cost of GBX 446 ($6.49) per share, for a total transaction of 40,140 ($58,436.45). A number of other analysts have also recently issued reports on the stock. BNP Paribas upgraded shares of SEGRO plc to an outperform rating and lifted their target price for the company from GBX 480 ($6.99) to GBX 490 ($7.13) in a research note on Friday, January 8th. AlphaValue reiterated an add rating and issued a GBX 489 ($7.12) target price on shares of SEGRO plc in a research note on Friday, January 1st. JPMorgan Chase & Co. cut shares of SEGRO plc to a neutral rating and reduced their target price for the company from GBX 500 ($7.28) to GBX 485 ($7.06) in a research note on Wednesday, December 16th. Canaccord Genuity reiterated a buy rating and issued a GBX 512 ($7.45) target price on shares of SEGRO plc in a research note on Tuesday, December 15th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 487 ($7.09) target price on shares of SEGRO plc in a research note on Tuesday, December 15th. Thirteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 459.25 ($6.69).

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[3]) 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.document.write( SEGRO Plc (SGRO) Earns Equal Weight Rating From Morgan ... );

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References

  1. ^ MarketBeat.Com (www.marketbeat.com)
  2. ^ LON:SGRO (www.marketbeat.com)
  3. ^ LON:SGRO (www.marketbeat.com)
  4. ^ MarketBeat.com’s FREE daily email newsletter (zolmax.com)



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