Driving To Deliver Your Business

SEGRO plc (SGRO) Given Buy Rating at Liberum Capital

SEGRO Plc (SGRO) Given Buy Rating At Liberum CapitalLiberum Capital reaffirmed their buy rating on shares of SEGRO plc (LON:SGRO) in a research note published on Friday morning, Marketbeat[1] reports. The brokerage currently has a GBX 487 ($7.09) target price on the real estate investment trust s stock.

Shares of SEGRO plc (LON:SGRO[2]) traded down 0.216% during midday trading on Friday, reaching GBX 416.100. 1,060,351 shares of the company s stock were exchanged. The stock s market cap is GBX 3.10 billion. The company s 50 day moving average is GBX 430.26 and its 200-day moving average is GBX 431.59. SEGRO plc has a 12 month low of GBX 390.80 and a 12 month high of GBX 466.70. In other news, insider Ford,Margaret Baroness purchased 9,000 shares of SEGRO plc stock in a transaction dated 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). Several other equities research analysts also recently issued reports on the company. Numis Securities Ltd reaffirmed a hold rating and set a GBX 456 ($6.64) price target on shares of SEGRO plc in a report on Tuesday, January 12th. Morgan Stanley reaffirmed an equal weight rating and set a GBX 440 ($6.41) price target on shares of SEGRO plc in a report on Monday, January 11th. BNP Paribas raised SEGRO plc to an outperform rating and raised their price target for the company from GBX 480 ($6.99) to GBX 490 ($7.13) in a report on Friday, January 8th. AlphaValue reaffirmed an add rating and set a GBX 489 ($7.12) price target on shares of SEGRO plc in a report on Friday, January 1st. Finally, JPMorgan Chase & Co. downgraded SEGRO plc to a neutral rating and cut their price target for the company from GBX 500 ($7.28) to GBX 485 ($7.06) in a report on Wednesday, December 16th. Thirteen analysts have rated the stock with a hold rating and four have given a buy rating to the company s stock. The stock currently has a consensus rating of Hold and an average target price 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) Given Buy Rating At Liberum Capital );

Receive News & Ratings for SEGRO plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SEGRO plc and related companies with MarketBeat.com’s FREE daily email newsletter[4].

References

  1. ^ Marketbeat (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)



Leave a Reply

Your email address will not be published. Required fields are marked *


*