SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Should You Buy?

SEGRO (OTCMKTS:SEGXFGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.27, but opened at $9.70. SEGRO shares last traded at $9.70, with a volume of 570 shares.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on SEGRO

SEGRO Stock Performance

The firm’s 50-day simple moving average is $9.40 and its 200-day simple moving average is $9.07.

About SEGRO

(Get Free Report)

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.

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