SEGRO plc (LSE:SGRO) gained momentum after Kepler Cheuvreux upgraded the stock to Buy and lifted its target to 1,010p as the company locked three leases at SEGRO Park Coventry—about 540,000 sq ft—adding ~£6m of annual rent and contributing to £53m of new H1 2026 rent secured.
Previous Week Recap
- Kepler Cheuvreux Upgrades SEGRO To Buy: Broker Kepler Cheuvreux upgraded SEGRO plc (SGRO) to a Buy rating and raised its price target for the stock from 780p to 1,010p.
- SEGRO Signs Leases At Coventry Park: SEGRO (SGRO) signed three leases at SEGRO Park Coventry totaling ~540,000 sq ft with Volvo UK, DIRKS and GigaCloud, adding ~£6m annual rent and leasing ~1.7m sq ft of the park.
- New Leases Add £6m Rent: SEGRO plc said new leases add £6m of rent, part of £53m total new rent secured in H1 2026. Key trader facts: amount, period, and asset impact.
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