SEGRO (OTCMKTS:SEGXF – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 15,849 shares, a decline of 92.7% from the September 15th total of 216,375 shares. Based on an average daily volume of 271 shares, the short-interest ratio is presently 58.5 days. Approximately 0.0% of the shares of the company are sold short.
SEGRO Stock Performance
SEGRO stock remained flat at $12.30 during mid-day trading on Friday. The firm has a fifty day moving average of $12.66 and a two-hundred day moving average of $11.11. SEGRO has a twelve month low of $8.20 and a twelve month high of $13.30.
Wall Street Analyst Weigh In
SEGXF has been the subject of a number of recent research reports. Kepler Capital Markets downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Berenberg Bank downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, BNP Paribas Exane assumed coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.
SEGRO Company Profile
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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