SEGRO (LON:SGRO – Get Free Report) had its price objective lowered by Jefferies Financial Group from GBX 950 ($12.29) to GBX 930 ($12.03) in a research report issued to clients and investors on Monday, LSE.Co.UK reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 2.06% from the stock’s current price.
A number of other research analysts also recently commented on SGRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. Finally, Barclays upgraded SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 944.67 ($12.22).
Check Out Our Latest Report on SGRO
SEGRO Price Performance
Insider Activity at SEGRO
In other news, insider Soumen Das purchased 408 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of GBX 882 ($11.41) per share, with a total value of £3,598.56 ($4,654.11). In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.55), for a total value of £968,190.60 ($1,252,186.50). Also, insider Soumen Das bought 408 shares of the company’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of GBX 882 ($11.41) per share, for a total transaction of £3,598.56 ($4,654.11). Corporate insiders own 0.25% of the company’s stock.
About SEGRO
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.
Featured Articles
- Five stocks we like better than SEGRO
- How to Calculate Inflation Rate
- Leading Gold Stock Shines With Q2 2024 Earnings Release
- How to Choose Top Rated Stocks
- Pharma Giant’s Shares Up After Impressive Q2 Earnings Release
- Russell 2000 Index, How Investors Use it For Profitable Trading
- It’s Time to Rotate Into These Russell 2000 Stocks
Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.