SEGRO (OTCMKTS:SEGXF) Sees Unusually-High Trading Volume – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) shares saw an uptick in trading volume on Monday . 14,183 shares were traded during trading, an increase of 190% from the previous session’s volume of 4,892 shares.The stock last traded at $12.8373 and had previously closed at $12.85.

Analysts Set New Price Targets

SEGXF has been the topic of a number of recent research reports. Jefferies Financial Group lowered SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. BNP Paribas Exane began coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SEGRO Price Performance

The firm’s 50 day moving average is $11.38 and its two-hundred day moving average is $10.40. 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.