SEGRO (LON:SGRO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

SEGRO Plc (LON:SGRO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 725.90 and traded as high as GBX 757.40. SEGRO shares last traded at GBX 749.80, with a volume of 2,008,743 shares trading hands.

Analyst Upgrades and Downgrades

SGRO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group reduced their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating on the stock in a report on Monday, March 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 915 target price on shares of SEGRO in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on SEGRO from GBX 885 to GBX 915 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, SEGRO has a consensus rating of “Moderate Buy” and a consensus price target of GBX 859.

SEGRO Stock Down 0.9%

The stock’s 50-day moving average price is GBX 712.60 and its two-hundred day moving average price is GBX 726.35. The stock has a market capitalization of £10.07 billion, a PE ratio of 18.29, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56.

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.