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

Key Points

• SEGRO gapped up, opening at $9.96 versus the prior close of $9.5125 (about a 4.7% increase) with roughly 400 shares trading.
• Analyst consensus is a "Reduce" rating (1 Buy, 4 Hold, 2 Sell); notable recent moves include downgrades from UBS and Goldman Sachs and an upgrade from Jefferies.
• Key fundamentals show low short-term liquidity with a quick and current ratio of 0.50, a debt-to-equity of 0.36, and both the 50- and 200-day moving averages at $9.75.

SEGRO (OTCMKTS:SEGXF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $9.5125, but opened at $9.96. SEGRO shares last traded at $9.96, with a volume of 400 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on SEGXF shares. UBS Group cut SEGRO from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Zacks Research upgraded shares of SEGRO to a "hold" rating in a research report on Wednesday, March 11th. The Goldman Sachs Group lowered shares of SEGRO from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. Finally, Jefferies Financial Group raised shares of SEGRO from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, SEGRO currently has a consensus rating of "Reduce".

SEGRO Stock Up 4.7%

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.75.

About SEGRO

SEGRO PLC OTCMKTS: SEGXF is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.

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