SEGRO (LON:SGRO) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

SEGRO Plc (LON:SGRO)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

SGRO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Berenberg Bank lifted their target price on shares of SEGRO from GBX 1,056 to GBX 1,067 and gave the stock a “buy” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, SEGRO currently has a consensus rating of “Buy” and a consensus price target of GBX 903.

SEGRO Stock Down 0.9%

The firm’s 50 day moving average price is GBX 765.21 and its two-hundred day moving average price is GBX 709.58. The company has a market cap of £9.83 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company has a debt-to-equity ratio of 40.34, a quick ratio of 0.62 and a current ratio of 0.56.

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

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.