SEGRO (OTCMKTS:SEGXF) Shares Gap Up – What’s Next?

SEGRO (OTCMKTS:SEGXF) gapped up prior to trading on Wednesday . The stock had previously closed at $9.65, but opened at $11.45. SEGRO shares last traded at $11.45, with a volume of 335 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Zacks Research raised shares of SEGRO to a “hold” rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SEGRO has an average rating of “Hold”.

SEGRO Trading Up 11.9%

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $9.73 and a 200 day moving average price of $9.82.

About SEGRO

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.