SEGRO (LON:SGRO) Share Price Passes Above 200-Day Moving Average – Time to Sell?

SEGRO Plc (LON:SGRO)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 660.21 ($8.86) and traded as high as GBX 673.60 ($9.04). SEGRO shares last traded at GBX 665.20 ($8.93), with a volume of 3,382,810 shares.

Analyst Upgrades and Downgrades

SGRO has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of SEGRO in a report on Thursday, October 9th. Jefferies Financial Group lowered their target price on SEGRO from GBX 693 to GBX 677 and set a “hold” rating for the company in a report on Tuesday, August 5th. UBS Group reiterated a “buy” rating and set a GBX 780 price objective on shares of SEGRO in a report on Friday. Shore Capital reiterated a “buy” rating on shares of SEGRO in a report on Thursday, July 31st. Finally, Citigroup decreased their price objective on SEGRO from GBX 1,102 to GBX 1,053 and set a “buy” rating for the company in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, SEGRO presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 848.75.

SEGRO Stock Performance

The firm has a fifty day moving average price of GBX 640.49 and a 200 day moving average price of GBX 660.21. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The stock has a market cap of £9.00 billion, a PE ratio of 1,446.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

SEGRO (LON:SGRO) last released its earnings results on Thursday, July 31st. The real estate investment trust reported GBX 18.10 earnings per share (EPS) for the quarter. SEGRO had a negative return on equity of 0.09% and a negative net margin of 1.36%. Research analysts forecast that SEGRO Plc will post 37.4077408 earnings per share 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 and industrial property.