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Home / Momentum / SEGRO (SGRO.L) 03-02-20

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

SEGRO (SGRO.L) 03-02-20

Will shares in SEGRO (SGRO.L) continue to rally, setting new recent highs?

 

  • Now trading at 918p (at time of writing), the share price performance 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?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +44% from 12 month lows.

Latest News

28 Jan:  Segro, the property investor, announced that CIO Phil Redding would leave his role at the end of the month and leave the group at the end of April.

27 Jan:  Liberum Capital reiterates its buy rating on Segro (SGRO) and increased the target price to 990p (from 850p).

17 Jan:  Jefferies International reiterates its hold rating on Segro (SGRO) and increased the target price to 900p (from 825p).

17 Jan:  Goldman Sachs reiterates its neutral rating on Segro (SGRO) and increased the target price to 954p (from 855p).

16 Jan:  JP Morgan Cazenove reiterates its neutral rating on Segro (SGRO) and increased the target price to 855p (from 775p).

15 Jan:  Bank of America Merrill Lynch reiterates its buy rating on Segro (SGRO) and increased the target price to 990p (from 950p).

20 Dec:  HSBC has downgraded its rating on Segro (SGRO) to hold (from buy) and increased the target price to 869p (from 840p).

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

 

Click to enlarge

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