SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Here’s Why

SEGRO (OTCMKTS:SEGXF) shares gapped up before the market opened on Monday . The stock had previously closed at $9.35, but opened at $10.00. SEGRO shares last traded at $10.01, with a volume of 990 shares traded.

Analysts Set New Price Targets

SEGXF has been the subject of several research analyst reports. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. UBS Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One 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’s stock. According to MarketBeat, SEGRO has an average rating of “Reduce”.

SEGRO Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. The business has a 50 day moving average price of $9.93 and a 200-day moving average price of $9.72.

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.