SEGRO (LON:SGRO) Share Price Passes Above Two Hundred Day Moving Average of $877.63

SEGRO Plc (LON:SGROGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 877.63 ($11.24) and traded as high as GBX 918.20 ($11.76). SEGRO shares last traded at GBX 906.20 ($11.61), with a volume of 1,920,917 shares traded.

Analyst Ratings Changes

Several research analysts have recently weighed in on SGRO shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,042 ($13.35) price target on shares of SEGRO in a research note on Thursday, April 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SEGRO in a research note on Wednesday, April 10th. Barclays upgraded shares of SEGRO to an “overweight” rating in a research note on Wednesday, April 3rd. HSBC upgraded shares of SEGRO to a “buy” rating and set a GBX 964 ($12.35) price target on the stock in a research note on Thursday, March 21st. Finally, Shore Capital reiterated a “buy” rating on shares of SEGRO in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 982 ($12.58).

View Our Latest Research Report on SEGRO

SEGRO Price Performance

The stock’s 50-day moving average is GBX 902.46 and its 200 day moving average is GBX 877.63. The company has a debt-to-equity ratio of 50.61, a current ratio of 0.88 and a quick ratio of 0.62. The company has a market cap of £12.41 billion, a PE ratio of -4,315.24, a PEG ratio of 2.12 and a beta of 0.75.

Insiders Place Their Bets

In other SEGRO news, insider David J. R. Sleath sold 108,420 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of GBX 893 ($11.44), for a total value of £968,190.60 ($1,240,157.04). In other SEGRO news, insider Soumen Das bought 408 shares of SEGRO stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of GBX 882 ($11.30) per share, with a total value of £3,598.56 ($4,609.40). Also, insider David J. R. Sleath sold 108,420 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 893 ($11.44), for a total transaction of £968,190.60 ($1,240,157.04). Corporate insiders own 0.25% of the company’s stock.

SEGRO Company Profile

(Get Free Report)

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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