SEGRO (LON:SGRO) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

Shares of SEGRO Plc (LON:SGRO) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 821.38 and traded as high as GBX 931. SEGRO shares last traded at GBX 915.20, with a volume of 3,817,364 shares trading hands.

Analyst Upgrades and Downgrades

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

SEGRO Trading Up 0.3%

The business’s 50 day simple moving average is GBX 952.14 and its two-hundred day simple moving average is GBX 821.38. 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 stock has a market cap of £12.38 billion, a P/E ratio of 22.49, a PEG ratio of 2.12 and a beta of 1.14.

SEGRO (LON:SGRO) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share (EPS) for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. As a group, analysts expect that SEGRO Plc will post 37.4077408 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.