SEGRO (OTCMKTS:SEGXF) Shares Gap Up Following Analyst Upgrade

Shares of SEGRO (OTCMKTS:SEGXF) gapped up prior to trading on Friday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $11.7232, but opened at $12.1370. SEGRO shares last traded at $12.1370, with a volume of 502 shares traded.

Several other research firms have also recently issued reports on SEGXF. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. BNP Paribas Exane initiated coverage on SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

SEGRO Trading Up 3.0%

The business’s fifty day moving average is $10.45 and its 200 day moving average is $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.

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.