SEGRO (LON:SGRO) Shares Cross Above 200-Day Moving Average – What’s Next?

SEGRO Plc (LON:SGRO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 671.07 and traded as high as GBX 694.80. SEGRO shares last traded at GBX 688.55, with a volume of 2,228,853 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a report on Thursday, October 9th. Shore Capital reaffirmed a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Finally, UBS Group reissued a “buy” rating and issued a GBX 780 target price on shares of SEGRO in a report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 854.50.

SEGRO Stock Performance

The company has a market cap of £9.31 billion, a PE ratio of 14.97, a PEG ratio of 2.12 and a beta of 0.79. The stock has a 50 day simple moving average of GBX 698.97 and a two-hundred day simple moving average of GBX 671.07. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.