SEGRO (OTCMKTS:SEGXF) Trading Down 6.7% – What’s Next?

Shares of SEGRO (OTCMKTS:SEGXF) were down 6.7% during mid-day trading on Wednesday . The stock traded as low as $8.91 and last traded at $8.96. Approximately 300 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,586 shares. The stock had previously closed at $9.60.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research upgraded SEGRO to a “hold” rating in a report on Wednesday, March 11th. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Finally, UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, SEGRO has a consensus rating of “Reduce”.

SEGRO Price Performance

The stock’s 50 day moving average is $10.29 and its two-hundred day moving average is $9.65. 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.