Numis Securities upgraded shares of SEGRO (LON:SGRO) to an add rating in a research report released on Wednesday, October 17th. Numis Securities currently has GBX 712 ($9.30) price target on the real estate investment trust’s stock.
SGRO has been the subject of a number of other reports. Liberum Capital restated a buy rating on shares of SEGRO in a research note on Friday, October 12th. Peel Hunt restated a hold rating on shares of SEGRO in a research note on Wednesday, October 17th. JPMorgan Chase & Co. boosted their price objective on SEGRO from GBX 640 ($8.36) to GBX 660 ($8.62) and gave the stock an underweight rating in a research report on Tuesday, October 16th. Barclays boosted their price objective on SEGRO from GBX 690 ($9.02) to GBX 700 ($9.15) and gave the stock an overweight rating in a research report on Monday, August 6th. Finally, Credit Suisse Group boosted their price objective on SEGRO from GBX 300 ($3.92) to GBX 745 ($9.73) and gave the stock an outperform rating in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 661.92 ($8.65).
LON:SGRO traded up GBX 2.40 ($0.03) during mid-day trading on Wednesday, hitting GBX 632.20 ($8.26). The company had a trading volume of 2,478,042 shares, compared to its average volume of 2,670,000. SEGRO has a 1 year low of GBX 447.40 ($5.85) and a 1 year high of GBX 612.80 ($8.01).
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.
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