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

SEGRO Plc (LON:SGRO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 674.94 and traded as high as GBX 735. SEGRO shares last traded at GBX 734.80, with a volume of 652,591,000 shares changing hands.

Wall Street Analyst Weigh In

SGRO has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a GBX 780 price target on shares of SEGRO in a research report on Friday, October 17th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Jefferies Financial Group raised their target price on shares of SEGRO from GBX 677 to GBX 700 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 854.50.

SEGRO Stock Performance

The firm has a market cap of £9.93 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The stock has a 50-day moving average of GBX 710.77 and a 200-day moving average of GBX 674.94. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

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.