SEGRO (OTCMKTS:SEGXF) Sees Large Volume Increase - Still a Buy?

Key Points

• SEGRO experienced a significant increase in trading volume, with approximately 6,000 shares traded, marking a 157% increase from the previous session.
• Multiple analyst ratings have been issued for SEGRO, with Barclays downgrading to "strong sell" and Goldman Sachs upgrading to "buy." Overall, the stock holds an average rating of "Hold."
• The company, a UK Real Estate Investment Trust (REIT), manages a portfolio valued at £20.6 billion, encompassing 10.8 million square meters of industrial space.

Shares of SEGRO (OTCMKTS:SEGXF - Get Free Report) saw an uptick in trading volume on Wednesday . 6,000 shares changed hands during trading, an increase of 157% from the previous session's volume of 2,335 shares.The stock last traded at $9.23 and had previously closed at $8.68.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of SEGRO from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. Barclays cut shares of SEGRO from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Finally, BNP Paribas downgraded SEGRO to an "underperform" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

SEGRO Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 8.44 and a current ratio of 0.31. The company has a fifty day moving average price of $8.67 and a two-hundred day moving average price of $8.87.

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.