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Home / Momentum / SEGRO (SGRO.L) 07-01-20

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

SEGRO (SGRO.L) 07-01-20

Will shares in SEGRO (SGRO.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 889.6p (at time of writing), .
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +44% from 12 month lows.

Latest News

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

17 Dec:  Peel Hunt reiterates its hold rating on Segro (SGRO) and increased the target price to 900p (from 735p).

16 Dec:  RBC Capital Markets reiterates its underperform rating on Segro (SGRO) and increased the target price to 750p (from 725p).

10 Dec:  Goldman Sachs has downgraded its rating on Segro (SGRO) to neutral (from buy).

10 Dec:  Segro, the property company, announced that it had agreed to sell its portfolio of UK warehouses for £241m to a fund.

04 Dec:  RBC Capital Markets has downgraded its rating on Segro (SGRO) to underperform (from sector performer) and reduced the target price to 725p  (from 750p).

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

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

 

Click to enlarge

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