Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Broker tips: Segro, GSK
(Sharecast News) - Barclays has upgraded its rating on industrial real estate group Segro by two notches from 'underweight' to 'overweight' as part of its review of the European warehouse sector. The warehouse market continues to remain structurally supported," the bank said in a research note on Wednesday.
"While company valuations are richer than other sub-sectors, we expect good earnings growth and asset values are more realistically set. Leverage is low and companies are issuing equity to grow."
Segro's shares, which have gained 13% over the past 12 months and now stand at 869.40p, have fallen sharply since the 1,400p level it reached in early 2022.
But Barclays sees upside, hiking its target price from 775p to 1,000p.
Shares in biopharma giant GSK were in the red on Wednesday, pulling back after a strong performance so far this year, but broker Berenberg still sees further upside, reiterating a 'buy' rating on the stock.
In the first quarter alone, GSK shares rose 18% before retreating slightly in the past few days to trade at the 1,645p mark by 1052 BST on Wednesday, down 1% on the day.
But Berenberg has maintained its 1,820p target price, saying that the stock's valuation is still "compelling" compared with the wider sector, even when including a potential £2.7bn liability related to its ongoing litigation surrounding discontinued heartburn treatment Zantac in the US.
"GSK trades on 9.7x 2025 adjusted earnings versus global peers on 16.8x. On EV/NPV (including a £2.7bn Zantac liability), GSK trades at a c26% discount to global peers (0.78x versus 1.05x)," the broker said.
Following GSK's annual report last month, Berenberg notes that the company has had a "strong start to the year, both in terms of delivery and share price performance. Clear messaging on long-term targets and delivery in the interim is helping to build a more constructive dialogue with investors."
It added: "Nonetheless, GSK still trades c25% below the value of its marketed assets and on the lowest [price-to-earnings ratio] in European pharma."
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
