JP Morgan Cazenove Gains Confidence in Segro (LON:SGRO). Will Other Analysts Follow?


Segro (LON:SGRO) Stock Upgrade

JP Morgan Cazenove increased shares of Segro (LON:SGRO) stock to a solid “Overweight” rating. This recent change was sent to investors in a note today. The firm after the upgrade has a GBX 500.00 target price on SGRO.

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 468.89 with a 8.26% above today’s (GBX 425.2) stock price. Segro was the topic of 42 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. JP Morgan downgraded shares on December 16 to “Neutral” rating. Peel Hunt maintained shares with “Hold” rating and GBX 470 target share price in a report from a November 23. Liberum Capital maintained SGRO stock in a recent report from December 15 with “Buy” rating. Barclays Capital maintained the rating on October 30. Barclays Capital has a “Equal Weight” rating and a GBX 450 price target on shares. Finally, Kempen & Co maintained the stock with “Neutral” rating in a report issued on a November 23.

Approximately 403,477 shares of stock traded hands. SEGRO plc (LON:SGRO) has risen 0.42% since May 19, 2015 and is uptrending. It has outperformed by 3.05% the S&P500.

 JP Morgan Cazenove Gains Confidence in Segro (LON:SGRO). Will Other Analysts Follow?

SEGRO plc is a real estate investment trust. The company has a market cap of 3.12 billion GBP. The Firm owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. It has 3.97 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.