SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Should You Buy?

SEGRO (OTCMKTS:SEGXF) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.27, but opened at $9.70. SEGRO shares last traded at $9.70, with a volume of 570 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BNP Paribas lowered shares of SEGRO to an “underperform” rating in a research report on Wednesday, September 10th. Barclays lowered shares of SEGRO from a “hold” rating to a “strong sell” rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEGRO has a consensus rating of “Hold”.

SEGRO Price Performance

The company’s fifty day moving average is $9.42 and its 200 day moving average is $9.08.

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.