SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase – Here’s What Happened

SEGRO (OTCMKTS:SEGXF) saw an uptick in trading volume on Monday . Approximately 14,183 shares changed hands during mid-day trading, an increase of 190% from the previous session’s volume of 4,892 shares.The stock last traded at $12.8373 and had previously closed at $12.85.

Analysts Set New Price Targets

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

SEGRO Stock Performance

The business has a fifty day moving average of $11.48 and a two-hundred day moving average of $10.44. The company has a quick ratio of 0.50, a current 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.