SEGRO (LON:SGRO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of SEGRO Plc (LON:SGRO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 775.90 and traded as high as GBX 957.60. SEGRO shares last traded at GBX 952, with a volume of 14,079,440 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on SGRO shares. Citigroup reiterated a “buy” rating and issued a £104.30 target price on shares of SEGRO in a research report on Friday, June 26th. Peel Hunt restated a “hold” rating and issued a GBX 915 price target on shares of SEGRO in a research note on Tuesday, August 4th. Jefferies Financial Group lifted their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the company a “hold” rating in a report on Friday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 995 price objective on shares of SEGRO in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,085.62.

SEGRO Price Performance

The firm has a 50-day simple moving average of GBX 863.79 and a 200 day simple moving average of GBX 777.49. The stock has a market capitalization of £13.09 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.12 and a beta of 1.14.

SEGRO (LON:SGRO) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. Sell-side analysts anticipate 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.