SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Should You Buy?

SEGRO (OTCMKTS:SEGXF) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.65, but opened at $10.37. SEGRO shares last traded at $10.37, with a volume of 522 shares trading hands.

Analyst Upgrades and Downgrades

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

SEGRO Price Performance

The business’s fifty day simple moving average is $9.64 and its 200 day simple moving average is $9.79. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.