SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Here’s Why

SEGRO (OTCMKTS:SEGXF) shares gapped down before the market opened on Friday . The stock had previously closed at $9.30, but opened at $8.20. SEGRO shares last traded at $8.2375, with a volume of 358 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEGXF. Zacks Research raised shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. The Goldman Sachs Group downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SEGRO presently has a consensus rating of “Reduce”.

SEGRO Stock Performance

The business’s 50 day moving average price is $10.27 and its 200-day moving average price is $9.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current 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.