SEGRO (OTCMKTS:SEGXF) Sees Unusually-High Trading Volume - What's Next?

Key Points

• SEGRO shares experienced a significant increase in trading volume, with 13,252 shares changing hands, marking a 415% rise from the previous session.
• The stock received mixed ratings from analysts, with Goldman Sachs upgrading it to a "buy" while BNP Paribas and Barclays issued downgrades, resulting in an overall average rating of "Hold".
• Currently, SEGRO is trading down 2.7% with a last price of $9.00, just above its 50-day and 200-day moving averages.

SEGRO (OTCMKTS:SEGXF - Get Free Report) shares saw strong trading volume on Friday . 13,252 shares changed hands during trading, an increase of 415% from the previous session's volume of 2,572 shares.The stock last traded at $9.00 and had previously closed at $8.93.

Analyst Upgrades and Downgrades

SEGXF has been the subject of several recent research reports. The Goldman Sachs Group upgraded SEGRO from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. BNP Paribas downgraded shares of SEGRO to an "underperform" rating in a research report on Wednesday, September 10th. Finally, Barclays downgraded shares of SEGRO from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, SEGRO has an average rating of "Hold".

SEGRO Trading Down 2.7%

The stock's 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.86.

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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