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

SEGRO (OTCMKTS:SEGXF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.60, but opened at $9.81. SEGRO shares last traded at $9.76, with a volume of 305 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SEGXF shares. The Goldman Sachs Group cut 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 research report on Wednesday, March 4th. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Finally, Zacks Research raised SEGRO to a “hold” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, SEGRO currently has a consensus rating of “Reduce”.

SEGRO Stock 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 simple moving average of $10.04 and a 200-day simple moving average of $9.66.

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.