SEGRO (LON:SGRO) Stock Breaks Above 200-Day Moving Average – What’s Next?

SEGRO Plc (LON:SGRO) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 813.86 and traded as high as GBX 952.40. SEGRO shares last traded at GBX 949.05, with a volume of 98,390,508 shares changing hands.

Analyst Upgrades and Downgrades

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

SEGRO Stock Performance

The company has a debt-to-equity ratio of 43.75, a current ratio of 0.59 and a quick ratio of 0.62. The business has a 50-day simple moving average of GBX 951.44 and a 200-day simple moving average of GBX 814.75. The firm has a market capitalization of £12.73 billion, a PE ratio of 23.13, a P/E/G ratio of 2.12 and a beta of 1.14.

SEGRO (LON:SGRO) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 19.30 earnings per share for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. Equities research analysts expect 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, industrial property and data centres across the UK and seven other European countries.