SEGRO (OTCMKTS:SEGXF - Get Free Report) shares were down 8.3% on Wednesday . The stock traded as low as $9.11 and last traded at $9.11. Approximately 745 shares changed hands during trading, a decline of 63% from the average daily volume of 2,038 shares. The stock had previously closed at $9.93.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Jefferies Financial Group upgraded SEGRO from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. UBS Group downgraded 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 note on Wednesday, March 11th. Finally, 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. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".
View Our Latest Research Report on SEGRO
SEGRO Trading Down 8.3%
The company's 50 day moving average is $9.99 and its 200 day moving average is $9.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.
SEGRO Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SEGRO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEGRO wasn't on the list.
While SEGRO currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.