SEGRO (LON:SGRO) Stock Price Crosses Above Two Hundred Day Moving Average of $0.00

SEGRO plc (LON:SGRO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $740.00. SEGRO shares last traded at $737.00, with a volume of 943,718 shares changing hands.

Several equities analysts have recently issued reports on SGRO shares. Royal Bank of Canada lifted their price objective on SEGRO from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company a “sector performer” rating in a research note on Friday, July 26th. Credit Suisse Group raised their target price on SEGRO from GBX 745 ($9.73) to GBX 860 ($11.24) and gave the stock an “outperform” rating in a research report on Thursday, July 4th. Barclays raised their target price on SEGRO from GBX 700 ($9.15) to GBX 755 ($9.87) and gave the stock an “overweight” rating in a research report on Tuesday, June 4th. Goldman Sachs Group cut their target price on SEGRO from GBX 800 ($10.45) to GBX 786 ($10.27) and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Finally, Liberum Capital raised their target price on SEGRO from GBX 750 ($9.80) to GBX 850 ($11.11) and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 778.17 ($10.17).

The company has a debt-to-equity ratio of 28.31, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $7.38 billion and a price-to-earnings ratio of 8.47. The company has a 50-day moving average price of GBX 749.81.

The company also recently declared a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 6.30 ($0.08) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 15th. SEGRO’s dividend payout ratio (DPR) is 0.23%.

In other SEGRO news, insider Andy Gulliford sold 97,308 shares of SEGRO stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of GBX 718 ($9.38), for a total transaction of £698,671.44 ($912,937.99). Also, insider Soumen Das sold 110,000 shares of SEGRO stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 727 ($9.50), for a total value of £799,700 ($1,044,949.69).

About SEGRO (LON:SGRO)

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

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