SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Still a Buy?

SEGRO (OTCMKTS:SEGXF) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.16, but opened at $12.58. SEGRO shares last traded at $12.58, with a volume of 135 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEGXF shares. BNP Paribas Exane started coverage on SEGRO in a research report on Wednesday. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded SEGRO to a “hold” rating in a research note on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

SEGRO Stock Performance

The stock’s fifty day moving average is $10.03 and its two-hundred day moving average is $9.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

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.