SEGRO (LON:SGRO) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

SEGRO Plc (LON:SGRO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 747.94 and traded as high as GBX 884. SEGRO shares last traded at GBX 884, with a volume of 8,515,262 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a research note on Friday, March 20th. Jefferies Financial Group increased their target price on shares of SEGRO from GBX 855 to GBX 917 and gave the company a “hold” rating in a research report on Thursday, July 9th. Citigroup reissued a “buy” rating and set a £104.30 target price on shares of SEGRO in a research note on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 915 price target on shares of SEGRO in a research report on Friday, April 17th. Finally, The Goldman Sachs Group reduced their price target on shares of SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research note on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,229.57.

SEGRO Stock Up 1.5%

The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 41.02. The firm has a market capitalization of £12.14 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.12 and a beta of 1.14. The stock has a fifty day moving average of GBX 775.40 and a 200-day moving average of GBX 748.98.

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.