SEGRO (OTCMKTS:SEGXF) Stock Price Down 8.3% – Time to Sell?

SEGRO (OTCMKTS:SEGXF) fell 8.3% during mid-day trading on Wednesday . The company traded as low as $9.11 and last traded at $9.11. 745 shares traded hands during trading, a decline of 63% from the average session volume of 2,038 shares. The stock had previously closed at $9.93.

Analysts Set New Price Targets

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

SEGRO Price 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 company has a 50-day moving average price of $9.99 and a 200-day moving average price of $9.69.

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.