SEGRO (OTCMKTS:SEGXF) Shares Down 9.2% – Here’s Why

SEGRO (OTCMKTS:SEGXF) dropped 9.2% on Monday . The company traded as low as $9.23 and last traded at $9.23. Approximately 1,881 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 1,923 shares. The stock had previously closed at $10.16.

Analysts Set New Price Targets

SEGXF has been the topic of a number of research analyst reports. Zacks Research upgraded SEGRO to a “hold” rating in a research note on Wednesday, March 11th. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, The Goldman Sachs Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, SEGRO currently has a consensus rating of “Reduce”.

SEGRO Stock 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 firm has a 50-day moving average price of $9.67 and a 200 day moving average price of $9.75.

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.