SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Time to Sell?

SEGRO (OTCMKTS:SEGXF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.01, but opened at $9.62. SEGRO shares last traded at $9.62, with a volume of 222 shares.

Analysts Set New Price Targets

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

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 firm’s 50 day simple moving average is $9.51 and its 200 day simple moving average is $9.77.

About SEGRO

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.