Why Has Liberum Given Segro (LON:SGRO) a GBX 487 Price Target
The firm Liberum has today began coverage on Segro (LON:SGRO) shares, with a Buy rating, while setting the TP at GBX 487.
From a total of 17 analysts covering Segro (LON:SGRO) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 13 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is GBX 550 while the lowest target price is GBX 400. The mean of all analyst targets is GBX 468.71 with a 1.60% above today’s (GBX 454) stock price. Segro was the topic of 37 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 1 with “Buy” rating. Barclays Capital maintained shares with “Equal Weight” rating and GBX 450 target share price in a report from an October 30. Kempen & Co maintained SGRO stock in a recent report from November 23 with “Neutral” rating. Deutsche Bank maintained the rating on October 22. Deutsche Bank has a “Hold” rating and a GBX 400 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a November 23.
Approximately 207,544 shares of stock traded hands. SEGRO plc (LON:SGRO) has risen 8.60% since May 6, 2015 and is uptrending. It has outperformed by 8.89% the S&P500.
SEGRO plc is a real estate investment trust. The company has a market cap of 3.39 billion GBP. The Firm owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. It has 4.24 P/E ratio. The Company’s portfolio of warehouse and light industrial buildings are located in four European countries: the United Kingdom, France, Germany and Poland.