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

Shares of SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Monday . The stock had previously closed at $12.6675, but opened at $13.08. SEGRO shares last traded at $13.06, with a volume of 800 shares trading hands.

Analyst Ratings Changes

SEGXF has been the topic of several research analyst reports. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Kepler Capital Markets raised SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. BNP Paribas Exane assumed coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SEGRO Stock Performance

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’s fifty day simple moving average is $11.91 and its 200 day simple moving average is $10.58.

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.