SEGRO (OTCMKTS:SEGXF) Trading Up 7.5% – Still a Buy?

SEGRO (OTCMKTS:SEGXF) was up 7.5% during mid-day trading on Tuesday . The company traded as high as $12.00 and last traded at $12.00. Approximately 100 shares were traded during trading, a decline of 94% from the average session volume of 1,770 shares. The stock had previously closed at $11.16.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SEGXF shares. BNP Paribas Exane began coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

SEGRO Stock Performance

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 company’s fifty day moving average price is $10.06 and its 200-day moving average price is $9.95.

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.