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

SEGRO (OTCMKTS:SEGXF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.40, but opened at $9.10. SEGRO shares last traded at $9.10, with a volume of 500 shares changing hands.

Wall Street Analysts Forecast Growth

SEGXF has been the topic of a number of recent analyst reports. BNP Paribas lowered SEGRO to an “underperform” rating in a research note on Wednesday, September 10th. Barclays lowered SEGRO from a “hold” rating to a “strong sell” rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

SEGRO Stock Performance

The stock has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $9.04.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.