SEGRO plc 8.2% potential upside indicated by HSBC

SEGRO plc with ticker (LON:SGRO) now has a potential upside of 8.2% according to HSBC.



HSBC set a target price of 964 GBX for the company, which when compared to the SEGRO plc share price of 891 GBX at opening today (22/03/2024) indicates a potential upside of 8.2%. Trading has ranged between 675 (52 week low) and 913 (52 week high) with an average of 3,693,282 shares exchanging hands daily. The market capitalisation at the time of writing is £11,982,153,586.

SEGRO plc is a real estate investment trust. The Company is an owner, asset manager and developer of warehousing and industrial property. The Company’s segments include Greater London, Thames Valley, National Logistics, Northern Europe, Southern Europe, and Central Europe. It owns or manages 9.9 million square meters of space (106 million square feet), serving customers from a range of industry sectors. Its properties are located in and around major cities and at transportation hubs in the United Kingdom and in seven other European countries. Its portfolio includes warehouses and light industrial buildings, including data centers and for logistics operations. These are concentrated in the United Kingdom, France, Germany, and Italy. The remainder of the portfolio is located in other European countries, including Poland, Spain, the Netherlands, and the Czech Republic. Its properties are used by various sectors, including transport and logistics and retail (physical and online).