SEGRO (LON:SGRO) Stock Crosses Above Two Hundred Day Moving Average of $839.08

SEGRO Plc (LON:SGRO) passed 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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. HSBC upgraded SEGRO to a “buy” rating and set a GBX 964 ($12.11) target price on the stock in a research note on Thursday, March 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,042 ($13.09) target price on shares of SEGRO in a research note on Thursday, April 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Berenberg Bank boosted their price objective on SEGRO from GBX 863 ($10.84) to GBX 940 ($11.81) and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Shore Capital reissued a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 982 ($12.34).

SEGRO Stock Up 0.8 %

The stock has a market cap of £11.72 billion, a P/E ratio of -4,164.76, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 50.61. The stock’s 50-day moving average is GBX 867.29 and its 200-day moving average is GBX 839.08.

SEGRO Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 14th were issued a GBX 19.10 ($0.24) dividend. The ex-dividend date was Thursday, March 14th. This is a boost from SEGRO’s previous dividend of $8.70. This represents a dividend yield of 2.29%. SEGRO’s dividend payout ratio (DPR) is -13,333.33%.

Insider Activity at SEGRO

In other news, insider Carol Fairweather bought 8,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was purchased at an average cost of GBX 878 ($11.03) per share, for a total transaction of £70,240 ($88,230.12). 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.