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

SEGRO (OTCMKTS:SEGXF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.65, but opened at $10.37. SEGRO shares last traded at $10.37, with a volume of 522 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on SEGXF shares. UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research raised SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

SEGRO Stock Performance

The business’s fifty day moving average is $9.68 and its 200 day moving average is $9.81. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.