SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Time to Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $11.16, but opened at $12.58. SEGRO shares last traded at $12.58, with a volume of 135 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SEGXF shares. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. BNP Paribas Exane assumed coverage on shares of SEGRO in a report on Wednesday. They set a “neutral” rating for the company. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded SEGRO to a “hold” rating in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SEGRO has a consensus rating of “Hold”.

SEGRO Stock Up 12.7%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. The business has a 50-day moving average price of $9.96 and a two-hundred day moving average price of $9.90.

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.