SEGRO (OTCMKTS:SEGXF) Stock Price Down 4.3% - Here's What Happened

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.

SEGRO (OTCMKTS:SEGXF - Get Free Report) dropped 4.3% during mid-day trading on Thursday . The company traded as low as $8.61 and last traded at $8.61. Approximately 3,062 shares changed hands 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

SEGXF has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of SEGRO from a "hold" rating to a "buy" rating in a report on Monday, September 8th. Barclays cut shares of SEGRO from a "hold" rating to a "strong sell" rating in a report on Monday, August 18th. Finally, BNP Paribas lowered shares of SEGRO to an "underperform" rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued 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 Performance

The stock's fifty day moving average is $8.69 and its two-hundred day moving average is $8.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 8.44 and a current ratio of 0.31.

About SEGRO

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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