SEGRO (OTCMKTS:SEGXF) Sees Strong Trading Volume – Still a Buy?

SEGRO (OTCMKTS:SEGXF – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 141,923 shares were traded during trading, an increase of 8,268% from the previous session’s volume of 1,696 shares.The stock last traded at $11.73 and had previously closed at $11.4250.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, BNP Paribas Exane assumed coverage on SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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SEGRO Trading Up 2.7%

The business has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $10.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

SEGRO Company Profile

(Get Free Report)

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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