SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase – Still a Buy?

Shares of SEGRO (OTCMKTS:SEGXF) saw unusually-strong trading volume on Monday . Approximately 3,010 shares traded hands during trading, an increase of 10% from the previous session’s volume of 2,730 shares.The stock last traded at $9.3460 and had previously closed at $9.58.

Analyst Ratings Changes

Several research firms recently weighed in on SEGXF. BNP Paribas lowered shares of SEGRO to an “underperform” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Finally, Barclays lowered shares of SEGRO from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, SEGRO presently has an average rating of “Hold”.

SEGRO Price Performance

The business’s 50 day moving average is $8.88 and its 200 day moving average is $8.95.

About SEGRO

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.