SEGRO (LON:SGRO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

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 666.49 and traded as high as GBX 735. SEGRO shares last traded at GBX 735, with a volume of 428,569,406 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on SGRO. Citigroup lowered their target price on SEGRO from GBX 1,102 to GBX 1,053 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reissued a “buy” rating on shares of SEGRO in a research note on Tuesday, October 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a research note on Thursday, October 9th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 780 target price on shares of SEGRO in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SEGRO presently has an average rating of “Buy” and a consensus target price of GBX 854.50.

SEGRO Stock Performance

The stock has a 50 day moving average of GBX 669.67 and a two-hundred day moving average of GBX 666.49. The stock has a market capitalization of £9.92 billion, a PE ratio of 15.94, a P/E/G ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62.

About SEGRO

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