SEGRO (OTCMKTS:SEGXF) Stock Price Up 7.5% – Still a Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price rose 7.5% during trading on Tuesday . The company traded as high as $12.00 and last traded at $12.00. 100 shares were traded during mid-day trading, a decline of 94% from the average session volume of 1,770 shares. The stock had previously closed at $11.16.

Analyst Ratings Changes

SEGXF has been the topic of a number of recent research reports. BNP Paribas Exane assumed coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Zacks Research upgraded shares of SEGRO to a “hold” rating in a report on Wednesday, March 11th. Finally, The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SEGRO Stock Up 4.3%

The company’s 50 day moving average price is $10.06 and its two-hundred day moving average price is $9.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

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.