Segro (LON:SGRO) stock price target increased to 439.00GBX, issued a report today by HSBC
- Updated: October 1, 2016
Yesterday Segro (LON:SGRO) traded 1.66% higher at 443.05GBX. The company’s 50-day moving average is 447.24GBX and its 200-day moving average is 427.87GBX. The last closing price is up 6.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,953,458 shares of the stock traded hands, up from an average trading volume of 1,980,910
In a report released on 09/30/2016 HSBC increased the stock price target of Segro (LON:SGRO) from 418.00GBX to 439.00GBX indicating a possible downside of -0.01%.
Previously on 9/29/2016, Liberum Capital reported on Segro (LON:SGRO) held steady the target price at 475.00GBX. At the time, this indicated a possible upside of 0.06%.
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Segro has a 52 week low of 331.40GBX and a 52 week high of 460.40GBX with a P/E ratio of 6.22 The company’s market cap is currently 0 GBX.
In addition to HSBC reporting its stock price target, a total of 19 brokers have issued a report on the company. The average stock price target is 442.79GBX with 5 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Segro (LON:SGRO)
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse and industrial property assets in the United Kingdom and Continental Europe. Its portfolio of warehouse and light industrial buildings is concentrated in European countries. The Company's segments are the geographical business units, which include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland). Its warehouse assets of over 10,000 square meters are designed to a range of occupiers for manufacturing, storage and logistics uses. It focuses on providing space, including space the Company develops and its space is used for a range of activities, from traditional warehouse uses, such as parcel distribution, food manufacturing and bulk storage, to the more eclectic, including film studios and trampolining.
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