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

SEGRO Plc (LON:SGRO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 807.75 and traded as high as GBX 945.60. SEGRO shares last traded at GBX 942, with a volume of 3,671,057 shares.

Analyst Ratings Changes

SGRO has been the subject of several analyst reports. Berenberg Bank boosted their target price on shares of SEGRO to GBX 991 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Citigroup reissued a “buy” rating and issued a £104.30 price objective on shares of SEGRO in a research note on Friday, June 26th. Jefferies Financial Group boosted their price objective on shares of SEGRO from GBX 917 to GBX 1,000 and gave the company a “hold” rating in a research report on Friday, July 31st. Finally, Peel Hunt restated a “hold” rating and set a GBX 915 target price on shares of SEGRO in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,085.12.

SEGRO Stock Performance

The stock has a market capitalization of £12.67 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.12 and a beta of 1.14. The company’s 50-day simple moving average is GBX 942.57 and its 200-day simple moving average is GBX 808.47. The company has a current ratio of 0.59, a quick ratio of 0.62 and a debt-to-equity ratio of 43.75.

SEGRO (LON:SGRO) last issued 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%. On average, analysts expect that SEGRO Plc will post 37.4077408 EPS for the current 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.