Royal Bank of Canada began coverage on shares of SEGRO (LON:SGRO) in a report released on Tuesday. The firm 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 stock’s previous close.
SGRO has been the subject of a number of other reports. Liberum Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Wednesday, January 9th. Deutsche Bank reaffirmed a “buy” rating on shares of SEGRO in a research note on Tuesday, November 20th. Peel Hunt reaffirmed a “hold” rating on shares of SEGRO in a research note on Friday, October 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of SEGRO in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of SEGRO from GBX 640 ($8.36) to GBX 660 ($8.62) and gave the stock an “underweight” rating in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average 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 twelve month low of GBX 447.40 ($5.85) and a twelve month 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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