SEGRO Plc (OTCMKTS:SEGXF - Get Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 737,300 shares, a decline of 41.3% from the April 30th total of 1,255,300 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 263.3 days.
SEGRO Price Performance
Shares of SEGRO stock opened at $9.81 on Friday. The company has a current ratio of 6.49, a quick ratio of 6.49 and a debt-to-equity ratio of 0.43. SEGRO has a 1 year low of $7.64 and a 1 year high of $14.23. The company has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $9.81.
Analyst Upgrades and Downgrades
SEGXF has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of SEGRO from GBX 960 ($11.94) to GBX 1,000 ($12.44) in a report on Tuesday, February 21st. Citigroup downgraded shares of SEGRO from a "buy" rating to a "neutral" rating in a report on Tuesday, February 14th. Berenberg Bank raised their price objective on shares of SEGRO from GBX 1,040 ($12.94) to GBX 1,100 ($13.68) in a report on Thursday, February 23rd. Royal Bank of Canada lifted their target price on shares of SEGRO from GBX 925 ($11.50) to GBX 975 ($12.13) in a research note on Tuesday, February 21st. Finally, Barclays lowered shares of SEGRO from an "overweight" rating to an "equal weight" rating in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $993.75.
SEGRO Company Profile
SEGRO Plc is a real estate investment trust, which owns, manages, and develops modern warehouses and light industrial properties. The firm offers big box, third party logistics and transport companies, manufacturers, data center operators, and wholesalers. The company was founded by Percival Perry and Noel Mobbs in 1920 and is headquartered in London, the United Kingdom.
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