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

SEGRO (OTCMKTS:SEGXF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $11.7232, but opened at $12.1370. SEGRO shares last traded at $12.1370, with a volume of 502 shares.

Wall Street Analysts Forecast Growth

SEGXF has been the subject of several recent research reports. Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. BNP Paribas Exane assumed coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

SEGRO Stock Performance

The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $10.42 and its 200 day moving average price is $10.06.

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.