SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase - Time to Buy?

Key Points

• SEGRO (OTCMKTS:SEGXF) experienced a notable increase in trading volume, reaching 6,000 shares, up 153% from the previous day's volume.
• Analyst ratings for SEGRO are mixed, with one upgrade to "buy" from Goldman Sachs, while BNP Paribas downgraded it to "underperform".
• The company's current stock price is $8.83, slightly up from a prior close of $8.68, with an average rating of "Hold" from analysts.

SEGRO (OTCMKTS:SEGXF - Get Free Report) saw strong trading volume on Friday . 6,000 shares traded hands during mid-day trading, an increase of 153% from the previous session's volume of 2,375 shares.The stock last traded at $8.83 and had previously closed at $8.68.

Analysts Set New Price Targets

A number of analysts recently issued reports on SEGXF shares. BNP Paribas downgraded SEGRO to an "underperform" rating in a research report on Wednesday, September 10th. Barclays lowered SEGRO from a "hold" rating to a "strong sell" rating in a research note on Monday, August 18th. Finally, The Goldman Sachs Group upgraded SEGRO from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

SEGRO Trading Up 1.7%

The firm has a 50-day moving average price of $8.65 and a two-hundred day moving average price of $8.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 8.44 and a current ratio of 0.31.

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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