SEGRO Plc (LON:SGRO – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 834.81 ($10.31) and traded as high as GBX 853.69 ($10.54). SEGRO shares last traded at GBX 843.40 ($10.42), with a volume of 3,184,477 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on SGRO shares. Barclays upgraded shares of SEGRO to an “overweight” rating in a research report on Wednesday, April 3rd. Berenberg Bank upped their price objective on shares of SEGRO from GBX 863 ($10.66) to GBX 940 ($11.61) and gave the stock a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 1,042 ($12.87) price objective on shares of SEGRO in a report on Thursday, April 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a report on Wednesday, April 10th. Finally, HSBC upgraded shares of SEGRO to a “buy” rating and set a GBX 964 ($11.91) price objective on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 982 ($12.13).
Read Our Latest Stock Report on SGRO
SEGRO Stock Performance
SEGRO Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th will be paid a GBX 19.10 ($0.24) dividend. This is a positive change from SEGRO’s previous dividend of $8.70. The ex-dividend date of this dividend is Thursday, March 14th. This represents a dividend yield of 2.29%. SEGRO’s dividend payout ratio is presently -13,333.33%.
Insider Transactions at SEGRO
In other news, insider Carol Fairweather bought 8,000 shares of SEGRO stock in a transaction dated Thursday, March 7th. The stock was purchased at an average price of GBX 878 ($10.84) per share, for a total transaction of £70,240 ($86,758.89). Company insiders own 0.26% of the company’s stock.
SEGRO Company Profile
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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