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

Shares of SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Wednesday . The stock had previously closed at $9.65, but opened at $11.45. SEGRO shares last traded at $11.45, with a volume of 335 shares.

Wall Street Analysts Forecast Growth

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

SEGRO Stock Up 11.9%

The stock has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $9.82. 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.