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

Shares of SEGRO Plc (LON:SGRO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 668.38 and traded as high as GBX 719.80. SEGRO shares last traded at GBX 714.60, with a volume of 1,638,312 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group reissued a “buy” rating and set a GBX 780 target price on shares of SEGRO in a research note on Friday, October 17th. Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Tuesday, October 21st. Jefferies Financial Group increased their price target on SEGRO from GBX 677 to GBX 700 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of SEGRO in a report on Thursday, October 9th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SEGRO presently has an average rating of “Buy” and an average price target of GBX 854.50.

SEGRO Stock Down 0.3%

The stock has a 50-day moving average price of GBX 687.98 and a 200-day moving average price of GBX 668.52. The company has a debt-to-equity ratio of 42.10, a current ratio of 1.30 and a quick ratio of 0.62. The company has a market capitalization of £9.67 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.12 and a beta of 0.79.

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.