SEGRO (LON:SGRO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

SEGRO Plc (LON:SGRO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 677.39 and traded as high as GBX 740.40. SEGRO shares last traded at GBX 731.75, with a volume of 135,517,641 shares.

Analyst Upgrades and Downgrades

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

SEGRO Trading Down 0.2%

The firm has a market cap of £9.92 billion, a PE ratio of 15.95, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 42.10. The business has a fifty day moving average price of GBX 711.95 and a 200 day moving average price of GBX 677.39.

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.