SEGRO (OTCMKTS:SEGXF) Trading 7.5% Higher – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) shares rose 7.5% during mid-day trading on Tuesday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 100 shares traded hands during trading, a decline of 94% from the average daily volume of 1,770 shares. The stock had previously closed at $11.16.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEGXF. BNP Paribas Exane started coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Zacks Research upgraded SEGRO to a “hold” rating in a report on Wednesday, March 11th. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Up 0.0%

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 company has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.98.

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.