SEGRO (LON:SGRO – Get Free Report)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, LSE.Co.UK reports. They presently have a GBX 950 ($12.17) price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 1.21% from the company’s current price.
A number of other research analysts have also recently weighed in on SGRO. Barclays raised shares of SEGRO to an “overweight” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a report on Wednesday, April 10th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Thursday, April 11th. Finally, HSBC raised SEGRO to a “buy” rating and set a GBX 964 ($12.35) target price for the company in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SEGRO presently has an average rating of “Moderate Buy” and an average price target of GBX 951.33 ($12.19).
View Our Latest Analysis on SEGRO
SEGRO Trading Down 0.8 %
Insiders Place Their Bets
In other news, insider David J. R. Sleath sold 108,420 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.44), for a total transaction of £968,190.60 ($1,240,157.04). In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of SEGRO stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.44), for a total transaction of £968,190.60 ($1,240,157.04). Also, insider Soumen Das bought 408 shares of SEGRO stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of GBX 882 ($11.30) per share, with a total value of £3,598.56 ($4,609.40). 0.25% of the stock is currently owned by company 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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