SEGRO (OTCMKTS:SEGXF – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 15,849 shares, a decrease of 92.7% from the September 15th total of 216,375 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 271 shares, the short-interest ratio is presently 58.5 days.
SEGRO Price Performance
SEGXF stock remained flat at $12.30 during midday trading on Friday. The business has a 50 day moving average of $12.66 and a two-hundred day moving average of $11.11. SEGRO has a one year low of $8.20 and a one year high of $13.30.
Wall Street Analysts Forecast Growth
SEGXF has been the subject of a number of recent research reports. Kepler Capital Markets cut SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Barclays raised SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. BNP Paribas Exane began coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Finally, Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, SEGRO presently has an average rating of “Hold”.
SEGRO Company Profile
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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