SEGRO Plc (LON:SGRO – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 751.73 ($9.28) and traded as high as GBX 777.20 ($9.59). SEGRO shares last traded at GBX 769.40 ($9.50), with a volume of 2,486,047 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a report on Friday, August 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 959 ($11.84).
SEGRO Stock Performance
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 10.3 million square metres of space (110 million square feet) valued at £21.0 billion serving customers from a wide range of industry sectors.
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