SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Here’s Why

SEGRO (OTCMKTS:SEGXF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.70, but opened at $9.37. SEGRO shares last traded at $9.37, with a volume of 500 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on SEGXF shares. BNP Paribas lowered shares of SEGRO to an “underperform” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

SEGRO Trading Down 3.4%

The firm has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $9.12.

SEGRO Company Profile

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.