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

SEGRO (OTCMKTS:SEGXF – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.55, but opened at $13.04. SEGRO shares last traded at $12.5975, with a volume of 435 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on SEGXF. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, BNP Paribas Exane initiated coverage on shares of SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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SEGRO Price Performance

The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $11.64 and a 200 day moving average price of $10.50.

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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