SEGRO (LON:SGRO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of SEGRO Plc (LON:SGRO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 677.39 and traded as high as GBX 740.40. SEGRO shares last traded at GBX 731.75, with a volume of 135,517,641 shares traded.

Analyst Ratings Changes

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

SEGRO Stock Performance

The firm’s 50 day moving average is GBX 711.95 and its two-hundred day moving average is GBX 677.39. The stock has a market capitalization of £9.92 billion, a PE ratio of 15.95, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

SEGRO Company Profile

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.