SEGRO (OTCMKTS:SEGXF) Shares Gap Up – What’s Next?

Shares of SEGRO (OTCMKTS:SEGXFGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.60, but opened at $10.10. SEGRO shares last traded at $9.7715, with a volume of 200 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SEGXF. Barclays downgraded SEGRO from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. BNP Paribas lowered SEGRO to an “underperform” rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, SEGRO has an average rating of “Hold”.

Get Our Latest Analysis on SEGXF

SEGRO Stock Performance

The firm’s 50 day moving average is $8.99 and its 200 day moving average is $9.00.

SEGRO Company Profile

(Get Free Report)

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.

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