SEGRO (OTCMKTS:SEGXF) Shares Down 3.3% - Time to Sell?

Shares of SEGRO Plc (OTCMKTS:SEGXF - Get Free Report) traded down 3.3% on Monday . The company traded as low as $8.50 and last traded at $8.70. 6,034 shares were traded during mid-day trading, an increase of 123% from the average session volume of 2,707 shares. The stock had previously closed at $9.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised SEGRO from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Hsbc Global Res downgraded SEGRO from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SEGRO in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

SEGRO Stock Performance

The company has a fifty day moving average of $8.76 and a two-hundred day moving average of $8.94.

About SEGRO

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.