Accueil > Actualité
Actualite financiere : Actualite bourse

Segro: Credit Suisse initiates coverage with 'buy' rating

(CercleFinance.com) - This morning Credit suisse initiated its coverage of the stock of the UK property logistics group Segro with a buy rating ("outperformance").

The broker has a target price of 745 pence for the share, meaning upside potential of around 14%.

"Segro adds the attractive industrial & logistics sector to our existing coverage," the broker's report says. According to Credit suisse, the logistics segment has outperformed the rest of the property market over recent years, due to the soaring growth in e-commerce. Indeed, the group is exposed to the UK (2/3 of its assets, although if its growth were to slow, it would remain above those of other real estate stocks.

Even in the event of a "hard Brexit," Segro is highly exposed to a domestic logistics market that will remain dynamic, in particular as its urban warehouses represent “barriers to entry” that are difficult to compete with.



Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.