SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) gapped down prior to trading on Tuesday . The stock had previously closed at $9.96, but opened at $9.27. SEGRO shares last traded at $9.27, with a volume of 1,351 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on SEGXF shares. Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Zacks Research raised shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

SEGRO Stock Performance

The firm’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.75. 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.