SEGRO Plc (LON:SGRO – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 871.20 ($11.09) and traded as high as GBX 909 ($11.58). SEGRO shares last traded at GBX 909 ($11.58), with a volume of 1,377,782 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on SGRO shares. Berenberg Bank raised their price target on shares of SEGRO from GBX 863 ($10.99) to GBX 940 ($11.97) and gave the company a “hold” rating in a report on Thursday, February 22nd. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Thursday, April 11th. Barclays raised shares of SEGRO to an “overweight” rating in a report on Wednesday, April 3rd. HSBC raised shares of SEGRO to a “buy” rating and set a GBX 964 ($12.28) price target on the stock in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, SEGRO currently has a consensus rating of “Moderate Buy” and an average price target of GBX 982 ($12.50).
View Our Latest Report on SEGRO
SEGRO Stock Performance
Insider Activity
In other news, insider David J. R. Sleath sold 108,420 shares of SEGRO stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.37), for a total transaction of £968,190.60 ($1,232,892.65). In related news, insider Soumen Das acquired 408 shares of SEGRO stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of GBX 882 ($11.23) per share, for a total transaction of £3,598.56 ($4,582.40). Also, insider David J. R. Sleath sold 108,420 shares of SEGRO stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.37), for a total transaction of £968,190.60 ($1,232,892.65). Company insiders own 0.25% 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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