Brokerages Set SEGRO plc (LON:SGRO) PT at $507.07

Shares of SEGRO plc (LON:SGRO) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 512.79 ($6.68).

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SGRO has been the topic of several analyst reports. HSBC Holdings plc boosted their target price on SEGRO plc from GBX 478 ($6.22) to GBX 487 ($6.34) and gave the stock a “hold” rating in a report on Wednesday, April 19th. Liberum Capital reaffirmed a “hold” rating and set a GBX 475 ($6.19) price target on shares of SEGRO plc in a report on Wednesday, April 19th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 494 ($6.43) price target on shares of SEGRO plc in a report on Wednesday, April 19th. Peel Hunt reaffirmed an “add” rating and set a GBX 450 ($5.86) price target on shares of SEGRO plc in a report on Wednesday, April 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 560 ($7.29) price target on shares of SEGRO plc in a report on Friday, April 21st.

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Shares of SEGRO plc (LON SGRO) traded up 0.28% during trading on Tuesday, reaching GBX 539.50. The company’s stock had a trading volume of 1,632,702 shares. SEGRO plc has a one year low of GBX 402.20 and a one year high of GBX 547.50. The stock’s 50 day moving average is GBX 505.62 and its 200 day moving average is GBX 487.96. The firm’s market cap is GBX 5.04 billion.

About SEGRO plc

SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).