SEGRO (LON:SGRO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

SEGRO Plc (LON:SGRO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 674.94 and traded as high as GBX 735. SEGRO shares last traded at GBX 734.80, with a volume of 652,591,000 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. Jefferies Financial Group increased their price target on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research report on Thursday, October 9th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 780 price objective on shares of SEGRO in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 854.50.

SEGRO Price Performance

The company’s 50 day simple moving average is GBX 710.77 and its 200 day simple moving average is GBX 674.94. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The stock has a market cap of £9.93 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.12 and a beta of 0.79.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing, industrial property and data centres across the UK and seven other European countries.