SEGRO (OTCMKTS:SEGXF) Shares Gap Up - Here's Why

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) gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of SEGRO in a research note on Tuesday, May 13th. Barclays cut shares of SEGRO from a "hold" rating to a "strong sell" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SEGRO has an average rating of "Hold".

SEGRO Stock Up 5.3%

The firm has a fifty day moving average price of $8.78 and a 200 day moving average price of $8.88. The company has a quick ratio of 8.44, a current ratio of 8.44 and a debt-to-equity ratio of 0.38.

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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