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

SEGRO Plc (LON:SGRO) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 841.73 and traded as high as GBX 901.40. SEGRO shares last traded at GBX 901.40, with a volume of 1,861,827 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Berenberg Bank increased their price objective on shares of SEGRO to GBX 991 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Citigroup restated a “buy” rating and set a £104.30 target price on shares of SEGRO in a research note on Friday, June 26th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,000 target price on shares of SEGRO in a research note on Wednesday. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 915 target price on shares of SEGRO in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,271.57.

SEGRO Stock Performance

The firm has a market capitalization of £12.23 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 43.75, a quick ratio of 0.62 and a current ratio of 0.59. The business’s fifty day simple moving average is GBX 938.44 and its 200-day simple moving average is GBX 845.06.

SEGRO (LON:SGRO) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 EPS for the quarter. SEGRO had a net margin of 40.00% and a return on equity of 2.46%. As a group, equities research analysts expect that SEGRO Plc will post 37.41 EPS for the current year.

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.