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

SEGRO (OTCMKTS:SEGXF – Get Free Report) shares saw an uptick in trading volume on Monday . 5,779 shares traded hands during trading, an increase of 228% from the previous session’s volume of 1,760 shares.The stock last traded at $11.65 and had previously closed at $11.50.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEGXF. BNP Paribas Exane initiated coverage on shares of SEGRO in a research report on Wednesday. They issued a “neutral” rating for the company. Zacks Research raised shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th. 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, UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SEGRO currently has an average rating of “Hold”.

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SEGRO Stock Performance

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $9.93 and a 200 day moving average of $9.89.

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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