SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Still a Buy?

SEGRO (OTCMKTS:SEGXF) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.40, but opened at $10.01. SEGRO shares last traded at $10.01, with a volume of 136 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SEGXF shares. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Zacks Research raised SEGRO to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

SEGRO Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a 50 day moving average price of $9.41 and a 200-day moving average price of $9.76.

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.