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

SEGRO (OTCMKTS:SEGXF) gapped down prior to trading on Thursday . The stock had previously closed at $10.10, but opened at $9.74. SEGRO shares last traded at $9.35, with a volume of 565 shares.

Wall Street Analyst Weigh In

SEGXF has been the subject of a number of analyst reports. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Zacks Research raised SEGRO to a “hold” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SEGRO has a consensus rating of “Reduce”.

SEGRO Price Performance

The company has a 50 day simple moving average of $9.94 and a 200 day simple moving average of $9.69. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

SEGRO Company Profile

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.