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

SEGRO Plc (LON:SGRO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 689.21 ($9.41) and traded as high as GBX 693.60 ($9.47). SEGRO shares last traded at GBX 679.11 ($9.27), with a volume of 2,278,262 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of SEGRO in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,003.75 ($13.71).

SEGRO Stock Up 1.5%

The company has a market cap of £9.08 billion, a PE ratio of -876.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a fifty day moving average of GBX 682.49 and a two-hundred day moving average of GBX 689.21. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and industrial property.