Segro (SGRO) Stock Rating Reaffirmed by Peel Hunt

Segro (LON:SGRO)‘s stock had its “add” rating reiterated by Peel Hunt in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. Numis Securities reaffirmed an “add” rating and set a GBX 640 ($9.16) target price on shares of Segro in a report on Friday, February 16th. Liberum Capital reaffirmed a “buy” rating and set a GBX 640 ($9.16) target price on shares of Segro in a report on Friday, February 16th. Deutsche Bank raised Segro to a “buy” rating and boosted their price objective for the company from GBX 570 ($8.16) to GBX 670 ($9.59) in a research note on Thursday, April 5th. Canaccord Genuity boosted their price objective on Segro from GBX 560 ($8.02) to GBX 620 ($8.88) and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Jefferies Group raised Segro to a “hold” rating and set a GBX 506 ($7.25) price objective on the stock in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Segro has a consensus rating of “Hold” and a consensus price target of GBX 613 ($8.78).

Shares of SGRO opened at GBX 626.40 ($8.97) on Wednesday. Segro has a 12 month low of GBX 447.40 ($6.41) and a 12 month high of GBX 612.80 ($8.77).

Segro (LON:SGRO) last announced its earnings results on Friday, February 16th. The real estate investment trust reported GBX 19.90 ($0.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 19.60 ($0.28) by GBX 0.30 ($0.00). The firm had revenue of £334.70 million for the quarter. Segro had a return on equity of 21.26% and a net margin of 400.00%.

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Segro Company Profile

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 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors.

Analyst Recommendations for Segro (LON:SGRO)

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