SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Time to Buy?

Shares of SEGRO (OTCMKTS:SEGXF) gapped up prior to trading on Monday . The stock had previously closed at $12.6675, but opened at $13.08. SEGRO shares last traded at $13.06, with a volume of 800 shares traded.

Wall Street Analyst Weigh In

SEGXF has been the topic of a number of research reports. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. BNP Paribas Exane began coverage on shares of SEGRO in a research note on Wednesday, July 1st. They set a “neutral” rating on the stock. Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

SEGRO Trading Up 3.1%

The company has a 50 day moving average of $11.91 and a 200 day moving average of $10.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50.

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.