SEGRO (OTCMKTS:SEGXF) Shares Gap Up – Should You Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $12.00, but opened at $12.30. SEGRO shares last traded at $12.30, with a volume of 180 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on SEGXF shares. Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. BNP Paribas Exane began coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Kepler Capital Markets downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Berenberg Bank downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, SEGRO presently has a consensus rating of “Hold”.

SEGRO Stock Performance

The stock’s 50 day moving average price is $12.66 and its two-hundred day moving average price is $11.10.

SEGRO Company Profile

SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.

The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.

SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.