SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Monday . The stock had previously closed at $12.55, but opened at $13.04. SEGRO shares last traded at $12.5975, with a volume of 435 shares.

Analyst Upgrades and Downgrades

SEGXF has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. The Goldman Sachs Group raised 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 report on Friday, July 17th. Finally, BNP Paribas Exane started coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

SEGRO Stock Down 0.6%

The company’s 50 day moving average is $11.64 and its 200 day moving average is $10.50. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.