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SEGRO (OTCMKTS:SEGXF) Trading Down 4.3% - What's Next?

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Key Points

  • SEGRO's stock price declined by 4.3% to $8.61, with a trading volume increase of 29% compared to its average daily volume.
  • Analysts are divided on SEGRO's outlook, with ratings ranging from Strong Buy to Strong Sell, resulting in an average rating of "Hold."
  • SEGRO, a UK Real Estate Investment Trust, manages 10.8 million square metres of property valued at £20.6 billion.
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SEGRO (OTCMKTS:SEGXF - Get Free Report) shares dropped 4.3% on Thursday . The company traded as low as $8.61 and last traded at $8.61. Approximately 3,062 shares were traded during trading, an increase of 29% from the average daily volume of 2,379 shares. The stock had previously closed at $9.00.

Analysts Set New Price Targets

A number of research firms have recently commented on SEGXF. Barclays downgraded shares of SEGRO from a "hold" rating to a "strong sell" rating in a report on Monday, August 18th. BNP Paribas downgraded SEGRO to an "underperform" rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group raised SEGRO from a "hold" rating to a "buy" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, SEGRO has a consensus rating of "Hold".

View Our Latest Report on SEGXF

SEGRO Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 8.44 and a current ratio of 0.31. The business has a 50-day moving average price of $8.67 and a two-hundred day moving average price of $8.87.

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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