SEGRO (OTCMKTS:SEGXF) Stock Price Down 8.3% – What’s Next?
by Jessica Moore · The Cerbat GemSEGRO (OTCMKTS:SEGXF – Get Free Report)’s stock price traded down 8.3% on Wednesday . The company traded as low as $9.11 and last traded at $9.11. 745 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 2,038 shares. The stock had previously closed at $9.93.
Analyst Upgrades and Downgrades
A number of analysts have commented on SEGXF shares. Zacks Research raised shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. The Goldman Sachs Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, SEGRO currently has an average rating of “Reduce”.
View Our Latest Research Report on SEGRO
SEGRO Price Performance
The business’s 50-day simple moving average is $9.96 and its 200-day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50.
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.