SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Here’s Why

SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Tuesday . The stock had previously closed at $9.4850, but opened at $9.85. SEGRO shares last traded at $9.90, with a volume of 5,234 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SEGXF shares. The Goldman Sachs Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Barclays cut SEGRO from a “hold” rating to a “strong sell” rating in a research report on Monday, August 18th. Finally, BNP Paribas cut SEGRO to an “underperform” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

SEGRO Price Performance

The company has a 50-day simple moving average of $9.33 and a 200-day simple moving average of $9.05.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.