SEGRO (LON:SGRO) Shares Pass Above Two Hundred Day Moving Average of $803.11

SEGRO Plc (LON:SGRO – Get Rating) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 803.11 ($10.06) and traded as high as GBX 810.60 ($10.15). SEGRO shares last traded at GBX 808 ($10.12), with a volume of 2,267,540 shares.

Wall Street Analysts Forecast Growth

SGRO has been the topic of several analyst reports. Barclays lowered shares of SEGRO to an “equal weight” rating and set a GBX 800 ($10.02) price target on the stock. in a research report on Friday, March 10th. Royal Bank of Canada lifted their price target on shares of SEGRO from GBX 925 ($11.59) to GBX 975 ($12.21) and gave the company an “outperform” rating in a research report on Tuesday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of SEGRO from GBX 960 ($12.03) to GBX 1,000 ($12.53) and gave the company an “overweight” rating in a research report on Tuesday, February 21st. Peel Hunt reaffirmed an “add” rating and set a GBX 920 ($11.52) price target on shares of SEGRO in a research report on Tuesday, February 21st. Finally, Citigroup lowered SEGRO to a “neutral” rating in a research report on Tuesday, February 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,030.50 ($12.91).

SEGRO Stock Up 0.7 %

The stock has a market capitalization of £9.86 billion, a PE ratio of -508.18, a PEG ratio of 2.48 and a beta of 0.70. The firm’s fifty day moving average is GBX 783.34 and its 200-day moving average is GBX 803.11. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 45.27.

Insider Buying and Selling

In other news, insider Andy Harrison purchased 78,960 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was purchased at an average cost of GBX 812 ($10.17) per share, with a total value of £641,155.20 ($803,150.70). Insiders bought 343,926 shares of company stock valued at $285,669,418 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

SEGRO Company Profile

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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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.