SEGRO Plc (LON:SGRO – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 839.08 ($10.54) and traded as high as GBX 896.40 ($11.26). SEGRO shares last traded at GBX 874.60 ($10.99), with a volume of 6,014,681 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have commented on SGRO. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.11) price target for the company in a research note on Thursday, March 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,042 ($13.09) target price on shares of SEGRO in a research note on Thursday, April 18th. Barclays upgraded shares of SEGRO to an “overweight” rating in a research note on Wednesday, April 3rd. Berenberg Bank lifted their price objective on shares of SEGRO from GBX 863 ($10.84) to GBX 940 ($11.81) and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Shore Capital reissued a “buy” rating on shares of SEGRO in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 982 ($12.34).
Check Out Our Latest Research Report on SEGRO
SEGRO Trading Up 0.8 %
SEGRO Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th were paid a GBX 19.10 ($0.24) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2.29%. This is a positive change from SEGRO’s previous dividend of $8.70. SEGRO’s dividend payout ratio is presently -13,333.33%.
Insider Buying and Selling
In other SEGRO news, insider Carol Fairweather purchased 8,000 shares of the stock in a transaction on Thursday, March 7th. The shares were bought at an average cost of GBX 878 ($11.03) per share, with a total value of £70,240 ($88,230.12). 0.26% of the stock is currently owned by corporate insiders.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion serving customers from a wide range of industry sectors.
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