SEGRO (OTCMKTS:SEGXF) Shares Gap Up – What’s Next?

SEGRO (OTCMKTS:SEGXF) gapped up prior to trading on Thursday . The stock had previously closed at $9.65, but opened at $10.37. SEGRO shares last traded at $10.37, with a volume of 522 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEGXF shares. Zacks Research upgraded SEGRO to a “hold” rating in a report on Wednesday, March 11th. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

SEGRO Stock Up 7.5%

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 business has a 50 day simple moving average of $9.64 and a two-hundred day simple moving average of $9.79.

SEGRO Company Profile

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.