SEGRO (LON:SGRO) Share Price Passes Above 200-Day Moving Average – Here’s Why

SEGRO Plc (LON:SGRO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 790.38 and traded as high as GBX 968. SEGRO shares last traded at GBX 968, with a volume of 374,538,500 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup reissued a “buy” rating and issued a £104.30 price objective on shares of SEGRO in a report on Friday, June 26th. Peel Hunt reaffirmed a “hold” rating and set a GBX 915 price objective on shares of SEGRO in a report on Tuesday, August 4th. Jefferies Financial Group increased their target price on shares of SEGRO from GBX 917 to GBX 1,000 and gave the stock a “hold” rating in a research report on Friday, July 31st. Finally, Berenberg Bank lifted their target price on shares of SEGRO to GBX 991 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, SEGRO presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,085.12.

SEGRO Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.59 and a debt-to-equity ratio of 43.75. The company has a market capitalization of £13.04 billion, a PE ratio of 23.69, a PEG ratio of 2.12 and a beta of 1.14. The company has a 50-day moving average price of GBX 910.06 and a two-hundred day moving average price of GBX 791.76.

SEGRO (LON:SGRO) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 EPS for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. Analysts predict that SEGRO Plc will post 37.4077408 EPS for the current fiscal year.

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.