SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Time to Buy?
by Scott Moore · The Cerbat GemSEGRO (OTCMKTS:SEGXF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.40, but opened at $10.01. SEGRO shares last traded at $10.01, with a volume of 136 shares changing hands.
Wall Street Analyst Weigh In
SEGXF has been the topic of a number of research reports. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. The Goldman Sachs Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Zacks Research raised SEGRO to a “hold” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, SEGRO has a consensus rating of “Reduce”.
Read Our Latest Analysis on SEGXF
SEGRO Trading Up 6.5%
The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $9.41 and a 200-day moving average price of $9.75.
About SEGRO
SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.
The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.