Shares of SEGRO Plc (LON:SGRO – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,042 ($12.87) price target 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. Berenberg Bank boosted their price target on SEGRO from GBX 863 ($10.66) to GBX 940 ($11.61) and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, Barclays upgraded SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, SEGRO presently has an average rating of “Moderate Buy” and an average target price of GBX 982 ($12.13).
Read Our Latest Report on SEGRO
SEGRO Stock Up 1.4 %
SEGRO Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be issued a dividend of GBX 19.10 ($0.24) per share. This represents a yield of 2.29%. The ex-dividend date is Thursday, March 14th. 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 purchased at an average price of GBX 878 ($10.84) per share, with a total value of £70,240 ($86,758.89). 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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