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SEGRO (OTCMKTS:SEGXF) Shares Gap Down - Here's What Happened

SEGRO logo with Finance background

Key Points

  • SEGRO shares experienced a gap down on Thursday, opening at $8.40 after a previous closing price of $8.69.
  • Recent analyst activity shows a mix of ratings, with BNP Paribas downgrading to "underperform" and Goldman Sachs upgrading to "buy," resulting in a consensus rating of "Hold."
  • SEGRO is a UK Real Estate Investment Trust (REIT) managing 10.8 million square metres of space and is valued at £20.6 billion, serving various industry sectors.
  • Interested in SEGRO? Here are five stocks we like better.

SEGRO (OTCMKTS:SEGXF - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $8.69, but opened at $8.40. SEGRO shares last traded at $8.52, with a volume of 800 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SEGXF shares. BNP Paribas lowered shares of SEGRO to an "underperform" rating in a report on Wednesday, September 10th. Barclays lowered shares of SEGRO from a "hold" rating to a "strong sell" rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group raised shares of SEGRO from a "hold" rating to a "buy" rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold".

Check Out Our Latest Report on SEGXF

SEGRO Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.31 and a quick ratio of 8.44. The firm's fifty day moving average price is $8.69 and its 200-day moving average price is $8.87.

SEGRO Company Profile

(Get Free Report)

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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