SEGRO (OTCMKTS:SEGXF) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SEGRO (OTCMKTS:SEGXF) saw strong trading volume on Thursday . 141,923 shares were traded during mid-day trading, an increase of 8,268% from the previous session’s volume of 1,696 shares.The stock last traded at $11.73 and had previously closed at $11.4250.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. BNP Paribas Exane assumed coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Finally, Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SEGRO currently has an average rating of “Hold”.

SEGRO Price Performance

The company has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.08. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.