SEGRO (LON:SGRO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

SEGRO Plc (LON:SGRO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 708.85 and traded as high as GBX 752.16. SEGRO shares last traded at GBX 743.80, with a volume of 2,628,689 shares changing hands.

Analysts Set New Price Targets

SGRO has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Berenberg Bank increased their price objective on SEGRO from GBX 1,056 to GBX 1,067 and gave the company a “buy” rating in a report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SEGRO presently has an average rating of “Buy” and an average target price of GBX 903.

SEGRO Stock Performance

The firm has a market cap of £10.06 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company has a 50-day simple moving average of GBX 764.82 and a 200 day simple moving average of GBX 708.85. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 40.34.

SEGRO (LON:SGRO) last posted its earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share for the quarter. SEGRO had a net margin of 77.66% and a return on equity of 3.51%. As a group, sell-side analysts forecast that SEGRO Plc will post 37.4077408 earnings per share for the current fiscal year.

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.