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Segro upgraded by Numis

25 July 2017 15:40

Numis has jumped off the fence and adopted a positive stance on SEGRO (LON:SGRO) and moved to add (from hold) after the real estate investment trust announced its half year results.

The broker commented: "While the political and macro backdrop is uncertain, the fundamental drivers of supply and demand remain attractive and mgmt is exploiting this, accelerating the pace of capex to "in excess of £350m" in FY17 (vs £300m previously)."

Analysts have a 565 pence a share target price on the stock.

At 3:40pm: (LON:SGRO) Segro share price was +14.25p at 519.25p

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