Segro (SGRO) Earns Add Rating from Peel Hunt

Segro (LON:SGRO)‘s stock had its “add” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently commented on SGRO. Goldman Sachs increased their target price on shares of Segro from GBX 585 ($8.21) to GBX 620 ($8.70) and gave the company a “neutral” rating in a research report on Wednesday, March 14th. Liberum Capital upgraded shares of Segro to a “buy” rating and increased their target price for the company from GBX 505 ($7.09) to GBX 640 ($8.98) in a research report on Friday, December 15th. Numis Securities restated an “add” rating and set a GBX 640 ($8.98) price objective on shares of Segro in a research report on Friday, February 16th. Jefferies Group upgraded shares of Segro to a “hold” rating and set a GBX 506 ($7.10) price objective for the company in a research report on Thursday, January 18th. Finally, Morgan Stanley raised their price objective on shares of Segro from GBX 610 ($8.56) to GBX 720 ($10.11) and gave the stock an “overweight” rating in a research report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 612.17 ($8.59).

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Shares of LON SGRO opened at GBX 614.40 ($8.62) on Thursday. Segro has a 52 week low of GBX 447.40 ($6.28) and a 52 week high of GBX 612.80 ($8.60).

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

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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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