SEGRO (OTCMKTS:SEGXF) Shares Gap Up – What’s Next?

SEGRO (OTCMKTS:SEGXF) gapped up prior to trading on Friday . The stock had previously closed at $12.50, but opened at $13.00. SEGRO shares last traded at $13.00, with a volume of 1,382 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SEGXF shares. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. BNP Paribas Exane assumed coverage on shares of SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SEGRO Trading Up 4.1%

The business has a 50-day moving average of $10.65 and a 200 day moving average of $10.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50.

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.