SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Should You Sell?

SEGRO (OTCMKTS:SEGXF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.40, but opened at $9.10. SEGRO shares last traded at $9.10, with a volume of 500 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Barclays downgraded SEGRO from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. Finally, BNP Paribas cut SEGRO to an “underperform” rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Up 2.0%

The firm has a 50 day moving average of $9.22 and a two-hundred day moving average of $9.03.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.