SEGRO (OTCMKTS:SEGXF) Shares Down 9.2% – Here’s Why

SEGRO (OTCMKTS:SEGXF – Get Free Report)’s share price fell 9.2% during trading on Monday . The stock traded as low as $9.23 and last traded at $9.23. 1,881 shares traded hands during trading, a decline of 2% from the average session volume of 1,923 shares. The stock had previously closed at $10.16.

Analyst Ratings Changes

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

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SEGRO Price Performance

The firm has a fifty day moving average of $9.67 and a two-hundred day moving average of $9.75. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

About SEGRO

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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.

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