SEGRO (OTCMKTS:SEGXF) Trading Down 3.2% – Should You Sell?

Shares of SEGRO (OTCMKTS:SEGXF) were down 3.2% during mid-day trading on Monday . The company traded as low as $9.15 and last traded at $9.15. Approximately 1,100 shares were traded during trading, a decline of 57% from the average daily volume of 2,572 shares. The stock had previously closed at $9.45.

Analysts Set New Price Targets

A number of brokerages recently commented on SEGXF. The Goldman Sachs Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, September 8th. BNP Paribas cut SEGRO to an “underperform” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

SEGRO Stock Performance

The firm has a 50-day moving average of $9.47 and a 200-day moving average of $9.10.

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.