SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Still a Buy?

SEGRO (OTCMKTS:SEGXF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.55, but opened at $13.04. SEGRO shares last traded at $12.5975, with a volume of 435 shares.

Analysts Set New Price Targets

SEGXF has been the topic of a number of recent analyst reports. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. BNP Paribas Exane initiated coverage on SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, SEGRO currently has a consensus rating of “Moderate Buy”.

SEGRO Trading Up 0.8%

The stock has a 50 day moving average of $11.75 and a 200 day moving average of $10.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick 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.