SEGRO (LON:SGRO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailySEGRO Plc (LON:SGRO – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 798.40 and traded as high as GBX 954.80. SEGRO shares last traded at GBX 943, with a volume of 3,105,897 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SGRO shares. Jefferies Financial Group raised their price target on shares of SEGRO from GBX 917 to GBX 1,000 and gave the stock a “hold” rating in a report on Friday, July 31st. Citigroup reissued a “buy” rating and issued a £104.30 target price on shares of SEGRO in a research report on Friday, June 26th. Peel Hunt restated a “hold” rating and issued a GBX 915 target price on shares of SEGRO in a research note on Tuesday, August 4th. Finally, Berenberg Bank lifted their price target on SEGRO to GBX 991 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SEGRO presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,085.12.
Get Our Latest Stock Analysis on SGRO
SEGRO Stock Performance
The stock has a market cap of £12.86 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.12 and a beta of 1.14. The firm’s 50-day moving average is GBX 930.16 and its two-hundred day moving average is GBX 799.46. The company has a current ratio of 0.59, a quick ratio of 0.62 and a debt-to-equity ratio of 43.75.
SEGRO (LON:SGRO – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 19.30 EPS for the quarter. SEGRO had a return on equity of 2.46% and a net margin of 40.00%. As a group, sell-side analysts expect that SEGRO Plc will post 37.4077408 earnings per share for the current 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.