Segro can hold onto its gains but not more than thatSEGRO Tip: Hold Price target: 1250p CURRENT PRICE: 1245.5 Date: 8th of August
Bullish points: - Robust rent collection rates
- Disposals have been at a significant premium to carrying value
- Rising rents
- NAV has been rising
- Tenants benefit from the shift to e-commerce and even helpe
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11.60 MXN
15.49 B MXN
17.61 B MXN
1.29 B
About SEGRO PLC
Sector
Industry
CEO
David John Rivers Sleath
Website
Headquarters
London
Founded
1920
ISIN
GB00B5ZN1N88
FIGI
BBG015SPPHM2
SEGRO Plc is a real estate investment trust, which engages in owning, managing, and developing modern warehouses and light industrial properties. The firm offers big box, third party logistics and transport companies, manufacturers, data center operators, and wholesalers. The company was founded by Percival Perry and Noel Mobbs in 1920 and is headquartered in London, the United Kingdom.
SGRO Long This week I will be keeping an eye on the UK based REIT SGRO, their main business is managing industrial storage units, the stock is within 3% of its all time highs and is consolidating nicely around the 662 level. The consolidation has been a bit all over the place for my liking and that skews the
Segro Continues Its AscentLast post: April 30th. See chart .
Review: Price was trending well after the cup and handle formation.
Update: Since the last post, price went into a mini consolidation but the trend has resumed again.
Conclusion: We can look for entries based on breakouts of previous highs on the daily chart.
Segro PLC Trending StrongSegro PLC is developing into a nice trend using the 50 simple moving average to help it climb to higher highs.
On the Monthly chart (not shown) price made an all-time high of £77.24 in 2007. After that we saw price plummet to a low of £1.50 in 2009.
Ever since then, price has been clawing its way b
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An aggregate view of professional's ratings.
Neutral
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Neutral
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Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.