SEGRO (OTCMKTS:SEGXF) Shares Gap Up - Time to Buy?

Key Points

• SEGRO shares opened at $8.58, up from a previous close of $8.18, indicating a positive market response.
• Analyst ratings for SEGRO are mixed, with one Strong Buy, two Hold, and one Sell, resulting in an average rating of "Hold."
• The company is a UK Real Estate Investment Trust (REIT) that manages 10.8 million square metres of industrial property, valued at £20.6 billion.

SEGRO (OTCMKTS:SEGXF - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $8.18, but opened at $8.58. SEGRO shares last traded at $8.50, with a volume of 1,512 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SEGXF shares. The Goldman Sachs Group upgraded SEGRO from a "hold" rating to a "buy" rating in a research report on Monday. BNP Paribas downgraded SEGRO to an "underperform" rating in a research report on Wednesday. Finally, Barclays downgraded SEGRO from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, SEGRO currently has an average rating of "Hold".

SEGRO Stock Down 1.9%

The firm has a 50 day moving average of $8.71 and a 200 day moving average of $8.87. 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.