SEGRO (OTCMKTS:SEGXF) Sees Unusually-High Trading Volume – Still a Buy?

SEGRO (OTCMKTS:SEGXF) saw unusually-strong trading volume on Tuesday . 10,716 shares traded hands during mid-day trading, an increase of 236% from the previous session’s volume of 3,191 shares.The stock last traded at $12.75 and had previously closed at $12.9448.

Analysts Set New Price Targets

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

SEGRO Price Performance

The company’s 50-day moving average price is $11.12 and its 200-day moving average price is $10.31. 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.