SEGRO plc 20.6% potential upside indicated by JP Morgan

SEGRO plc with ticker (LON:SGRO) now has a potential upside of 20.6% according to JP Morgan.

SGRO.L

JP Morgan set a target price of 1,050 GBX for the company, which when compared to the SEGRO plc share price of 871 GBX at opening today (06/09/2024) indicates a potential upside of 20.6%. Trading has ranged between 675 (52 week low) and 949 (52 week high) with an average of 2,524,369 shares exchanging hands daily. The market capitalisation at the time of writing is £11,806,190,100.

SEGRO plc is a United Kingdom-based real estate investment trust (REIT). It is the owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square meters of space (116 million square feet) serving customers from a range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the United Kingdom and in seven other European countries. Its segments include the United Kingdom and Continental Europe (CE). The Company’s portfolio includes warehouses and light industrial buildings, including data centers. These are concentrated in the United Kingdom, France and Germany. The remainder of the portfolio is located in other European countries, including Poland, Spain, the Netherlands and the Czech Republic. Its warehouses are used by a diverse customer base, spanning a range of industries, such as transport and logistics; retail (physical, online and hybrid), and food and general manufacturing.