SEGRO (LON:SGRO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

SEGRO Plc (LON:SGRO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 747.94 and traded as high as GBX 884. SEGRO shares last traded at GBX 884, with a volume of 8,515,262 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on SGRO. Citigroup restated a “buy” rating and set a £104.30 target price on shares of SEGRO in a research report on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 915 price target on shares of SEGRO in a research report on Friday, April 17th. Jefferies Financial Group lifted their price target on shares of SEGRO from GBX 855 to GBX 917 and gave the stock a “hold” rating in a research note on Thursday, July 9th. The Goldman Sachs Group cut their price objective on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,229.57.

SEGRO Trading Up 2.6%

The stock has a 50-day moving average price of GBX 771.79 and a two-hundred day moving average price of GBX 747.94. The stock has a market capitalization of £11.96 billion, a PE ratio of 21.72, a PEG ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

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.