SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase - Should You Buy?

Key Points

• SEGRO (OTCMKTS:SEGXF) experienced a significant trading volume increase of 91% on Monday, with approximately 4,400 shares exchanged, while the stock price fell to $8.53 from a previous close of $8.85.
• Analysts have mixed opinions on SEGRO, with Deutsche Bank maintaining a "hold" rating and Barclays downgrading the stock from "overweight" to "underweight."
• As a leading UK Real Estate Investment Trust, SEGRO manages 10.8 million square metres of industrial property, valued at £20.6 billion across various industry sectors.

Shares of SEGRO (OTCMKTS:SEGXF - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,400 shares changed hands during mid-day trading, an increase of 91% from the previous session's volume of 2,308 shares.The stock last traded at $8.53 and had previously closed at $8.85.

Wall Street Analysts Forecast Growth

SEGXF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SEGRO in a research note on Tuesday, May 13th. Barclays cut SEGRO from an "overweight" rating to an "underweight" rating in a research note on Monday.

SEGRO Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 8.44 and a quick ratio of 8.44. The company has a 50 day moving average price of $9.07 and a 200 day moving average price of $8.93.

SEGRO Company Profile

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.

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