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

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.

SEGRO (OTCMKTS:SEGXF - Get Free Report) shares gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

SEGXF has been the subject of a number of recent analyst reports. BNP Paribas cut SEGRO to an "underperform" rating in a report on Wednesday. The Goldman Sachs Group upgraded SEGRO from a "hold" rating to a "buy" rating in a report on Monday. Finally, Barclays cut SEGRO from a "hold" rating to a "strong sell" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

SEGRO Price Performance

The business has a 50 day moving average of $8.74 and a two-hundred day moving average of $8.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 8.44 and a current ratio of 8.44.

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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