Investment analysts at Royal Bank of Canada began coverage on shares of SEGRO (LON:SGRO) in a research note issued to investors on Tuesday. The brokerage set a “sector performer” rating and a GBX 625 ($8.17) price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential downside of 4.17% from the company’s current price.
Several other brokerages also recently commented on SGRO. Liberum Capital restated a “buy” rating on shares of SEGRO in a research report on Friday. Goldman Sachs Group upgraded shares of SEGRO to a “buy” rating and reduced their price target for the company from GBX 716 ($9.36) to GBX 701 ($9.16) in a research report on Friday, January 25th. JPMorgan Chase & Co. upped their price target on shares of SEGRO from GBX 660 ($8.62) to GBX 670 ($8.75) and gave the company an “underweight” rating in a research report on Monday, January 21st. Peel Hunt restated a “hold” rating on shares of SEGRO in a research report on Friday, October 26th. Finally, Numis Securities upgraded shares of SEGRO to an “add” rating and set a GBX 712 ($9.30) price target for the company in a research report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 685.42 ($8.96).
Shares of LON:SGRO opened at GBX 652.20 ($8.52) on Tuesday. SEGRO has a 52 week low of GBX 447.40 ($5.85) and a 52 week 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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