SEGRO (OTCMKTS:SEGXF) Shares Down 6.4% – What’s Next?

SEGRO (OTCMKTS:SEGXF)’s share price traded down 6.4% during trading on Monday . The company traded as low as $9.65 and last traded at $9.65. 819 shares changed hands during trading, a decline of 54% from the average session volume of 1,772 shares. The stock had previously closed at $10.31.

Wall Street Analysts Forecast Growth

SEGXF has been the topic of several research reports. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Zacks Research upgraded SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

SEGRO Stock Performance

The company has a 50 day simple moving average of $9.58 and a 200-day simple moving average of $9.79. 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.