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

Shares of SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Friday . The stock had previously closed at $12.50, but opened at $13.00. SEGRO shares last traded at $13.00, with a volume of 1,382 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEGXF. BNP Paribas Exane started coverage on shares of SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SEGRO Stock Performance

The stock’s 50-day moving average price is $10.65 and its 200 day moving average price is $10.15. 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.