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SEGRO (OTCMKTS:SEGXF) Shares Down 3.4% - Here's What Happened

SEGRO logo with Finance background

SEGRO (OTCMKTS:SEGXF - Get Free Report) dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $9.37 and last traded at $9.37. Approximately 2,129 shares traded hands during trading, an increase of 1,530% from the average daily volume of 131 shares. The stock had previously closed at $9.70.

Analysts Set New Price Targets

Several research analysts have recently commented on SEGXF shares. UBS Group raised shares of SEGRO from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SEGRO in a research note on Tuesday, May 13th.

Read Our Latest Stock Report on SEGXF

SEGRO Stock Down 2.5%

The company has a fifty day moving average price of $9.13 and a two-hundred day moving average price of $8.90. 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

(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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