SEGRO (LON:SGRO) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

SEGRO Plc (LON:SGRO)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 725.90 and traded as high as GBX 757.40. SEGRO shares last traded at GBX 749.80, with a volume of 2,008,743 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group cut their price objective on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a research note on Friday, March 20th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 915 price objective on shares of SEGRO in a research note on Friday, April 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, SEGRO presently has an average rating of “Moderate Buy” and an average price target of GBX 859.

SEGRO Stock Up 0.5%

The company has a quick ratio of 0.62, a current ratio of 0.56 and a debt-to-equity ratio of 41.02. The business has a 50-day moving average price of GBX 709.40 and a 200-day moving average price of GBX 725.90. The firm has a market capitalization of £10.14 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

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.