SEGRO (LON:SGRO – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,042 ($12.97) target price on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 22.79% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Barclays upgraded SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.00) target price on the stock in a report on Thursday, March 21st. Berenberg Bank lifted their target price on SEGRO from GBX 863 ($10.74) to GBX 940 ($11.70) and gave the company a “hold” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a report on Wednesday, April 10th. Finally, Shore Capital restated a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 982 ($12.22).
Read Our Latest Report on SEGRO
SEGRO Price Performance
Insider Buying and Selling at SEGRO
In other news, insider Carol Fairweather acquired 8,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of GBX 878 ($10.93) per share, for a total transaction of £70,240 ($87,439.31). 0.26% of the stock is currently owned by insiders.
SEGRO Company Profile
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.
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