SEGRO (LON:SGRO) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

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 737.04 and traded as high as GBX 889.40. SEGRO shares last traded at GBX 880, with a volume of 1,910,192 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on SGRO. Citigroup reiterated a “buy” rating and issued a £104.30 price target on shares of SEGRO in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on SEGRO from GBX 800 to GBX 850 and gave the company a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group cut their target price on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a research report on Monday, March 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 855 target price on shares of SEGRO in a report on Wednesday, June 24th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 915 price target on shares of SEGRO in a research report on Friday, April 17th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,220.71.

SEGRO Stock Performance

The stock’s fifty day moving average price is GBX 741.65 and its two-hundred day moving average price is GBX 737.04. The company has a debt-to-equity ratio of 41.02, a quick ratio of 0.62 and a current ratio of 0.56. The company has a market cap of £11.90 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.12 and a beta of 1.14.

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.