Kepler Cheuvreux upgrades SEGRO to buy, lifts target price by nearly 30%
Investing.com -- Kepler Cheuvreux upgraded UK warehouse landlord Segro Plc (LON:SGRO) to "buy" from "hold" and lifted its price target by nearly 30%, saying the stock remains undervalued even if takeover interest from Prologis does not materialise. Track analyst upgrades, property stocks and market-moving calls with InvestingPro - now 60% off The brokerage raised its price target to 1,010 pence from 780 pence, arguing that greater management disclosure has strengthened confidence in SEGRO’s long-term earnings potential and intrinsic value.
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Investing.com -- Kepler Cheuvreux upgraded UK warehouse landlord Segro Plc (LON:SGRO) to "buy" from "hold" and lifted its price target by nearly 30%, saying the stock remains undervalued even if takeover interest from Prologis does not materialise. Track analyst upgrades, property stocks and market-moving calls with InvestingPro - now 60% off The brokerage raised its price target to 1,010 pence from 780 pence, arguing that greater management disclosure has strengthened confidence in SEGRO’s long-term earnings potential and intrinsic value. Kepler Cheuvreux said Prologis’ potential interest in SEGRO has prompted investors to focus on what a buyer might be willing to pay rather than the company’s standalone value. It argued that enhanced disclosures allow it to extend forecasts through 2035, supporting a higher valuation based on both cash flow and net asset value.
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- Investing.com -- Kepler Cheuvreux upgraded UK warehouse landlord Segro Plc (LON:SGRO) to "buy" from "hold" and lifted its price target by nearly 30%, saying the stock remains undervalued even if takeover interest from Prologis does not materialise. Track analyst upgrades, property stocks and market-moving calls with InvestingPro - now 60% off The brokerage raised its price target to 1,010 pence from 780 pence, arguing that greater management disclosure has strengthened confidence in SEGRO’s long-term earnings potential and intrinsic value.
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Kepler Cheuvreux upgrades SEGRO to buy, lifts target price by nearly 30%
Sources1TypeCoverageInvesting.com · Stock Market