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Home / Momentum / SEGRO (SGRO.L) 21-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

SEGRO (SGRO.L) 21-11-19

Will shares in SEGRO (SGRO.L) continue to push upwards, reaching new highs?

 

  • Now trading at 864.2p (at time of writing), the share price momentum has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Shares -0% from 12-month highs; +47% from 12 month lows.

Latest News

19 Nov:  UBS has downgraded its rating on Segro (SGRO) to neutral (from buy) and increased the target price to 850p  (from 820p).

16 Oct:  Segro, the property investor and developer,  announced that it had entered into new rent contracts to the value of £15.3m in Q3, up from £12.6m year-on-year.

23 Sep:  Doug Webb, Director, bought 227 shares in the firm on the 23rd September 2019 at a price of 748.80p. This Director currently has 27,191 shares.

27 Aug:  Peel Hunt reiterates its hold rating on Segro (SGRO) and reduced the target price to 700p (from 735p).

22 Aug:  Barclays Capital reiterates its overweight rating on Segro (SGRO) and increased the target price to 855p (from 755p).

12 Aug:  UBS reiterates its buy rating on Segro (SGRO) and increased the target price to 820p (from 750p).

30 Jul:  Liberum Capital reiterates its buy rating on Segro (SGRO) and increased the target price to 850p (from 750p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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