SEGRO (OTCMKTS:SEGXF) Trading Up 5% – What’s Next?

SEGRO (OTCMKTS:SEGXF) rose 5% during mid-day trading on Wednesday . The company traded as high as $10.1885 and last traded at $10.1885. Approximately 449 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,661 shares. The stock had previously closed at $9.70.

Analyst Upgrades and Downgrades

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

SEGRO Stock Performance

The firm’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $9.61.

About SEGRO

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.