London: Segro (LON:SGRO) Stock Has Just Had Its “Buy” Rating Reiterated by Canaccord Genuity. Shares now Have a GBX 512 Target


Segro (LON:SGRO) Rating Reaffirmed

In recent note revealed to clients and investors on Tuesday, 15 December, The “Buy” rating of Segro (LON:SGRO) shares was reconfirmed by Canaccord Genuity, who now has a GBX 512 target PPS on the stock. Canaccord Genuity’s target PPS may imply a possible upside of 21.47% from the previous stock close of the company.

From a total of 18 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 469.72 with a 9.43% above today’s (GBX 421.5) stock price. Segro was the topic of 39 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 14 with “Hold” 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 154,594 shares of stock traded hands. SEGRO plc (LON:SGRO) has declined 0.40% since May 18, 2015 and is downtrending. It has outperformed by 3.27% the S&P500.

London: Segro (LON:SGRO) Stock Has Just Had Its

SEGRO plc is a real estate investment trust. The company has a market cap of 3.15 billion GBP. The Firm owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. It has 3.94 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.