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

Shares of SEGRO Plc (LON:SGRO - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 700.52 ($9.43) and traded as high as GBX 701 ($9.43). SEGRO shares last traded at GBX 701 ($9.43), with a volume of 3,377,153 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "buy" rating on shares of SEGRO in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, SEGRO has an average rating of "Moderate Buy" and a consensus target price of GBX 1,003.75 ($13.51).

SEGRO Trading Down 0.6%

The firm has a 50-day moving average of GBX 671.63 and a 200-day moving average of GBX 700. The company has a debt-to-equity ratio of 42.10, a quick ratio of 0.62 and a current ratio of 1.30. The firm has a market capitalization of £9.37 billion, a P/E ratio of -904.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

Insider Transactions at SEGRO

In other SEGRO news, insider Soumen Das sold 73,234 shares of SEGRO stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 704 ($9.47), for a total transaction of £515,567.36 ($693,712.81). Corporate insiders own 0.33% of the company's stock.

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.