SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Here’s What Happened

Shares of SEGRO (OTCMKTS:SEGXF) gapped up before the market opened on Wednesday . The stock had previously closed at $9.48, but opened at $9.70. SEGRO shares last traded at $9.45, with a volume of 600 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. BNP Paribas lowered SEGRO to an “underperform” rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SEGRO Stock Down 0.3%

The company’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $9.11.

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.