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

SEGRO (OTCMKTS:SEGXF) shares gapped down before the market opened on Monday . The stock had previously closed at $9.40, but opened at $9.10. SEGRO shares last traded at $9.10, with a volume of 500 shares traded.

Analysts Set New Price Targets

SEGXF has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Barclays lowered shares of SEGRO from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. Finally, BNP Paribas lowered shares of SEGRO to an “underperform” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SEGRO presently has a consensus rating of “Hold”.

SEGRO Stock Performance

The firm’s 50 day simple moving average is $9.20 and its 200-day simple moving average is $9.04.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.