SEGRO plc (SGRO) Receives “Neutral” Rating from BNP Paribas
SEGRO plc (LON:SGRO)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Wednesday. They currently have a GBX 490 ($6.08) price target on the real estate investment trust’s stock. BNP Paribas’ price target would suggest a potential upside of 17.06% from the stock’s previous close.
Several other equities analysts also recently weighed in on SGRO. Liberum Capital reiterated a “buy” rating and issued a GBX 475 ($5.89) price objective on shares of SEGRO plc in a report on Thursday, September 29th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 400 ($4.96) price objective on shares of SEGRO plc in a report on Tuesday, October 4th. HSBC lifted their price objective on SEGRO plc from GBX 418 ($5.19) to GBX 439 ($5.45) and gave the stock a “hold” rating in a report on Friday, September 30th. Barclays PLC upgraded SEGRO plc to an “overweight” rating and lifted their price objective for the stock from GBX 450 ($5.58) to GBX 520 ($6.45) in a report on Tuesday, October 25th. Finally, Morgan Stanley upgraded SEGRO plc to an “overweight” rating and lifted their price objective for the stock from GBX 420 ($5.21) to GBX 480 ($5.95) in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 456.33 ($5.66).
SEGRO plc (LON:SGRO) opened at 419.10 on Wednesday. SEGRO plc has a 12-month low of GBX 331.40 and a 12-month high of GBX 463.90. The firm’s 50-day moving average is GBX 425.08 and its 200-day moving average is GBX 431.40. The stock’s market capitalization is GBX 3.15 billion.
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SEGRO plc Company Profile
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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