SEGRO (OTCMKTS:SEGXF) Shares Gap Up After Analyst Upgrade

SEGRO (OTCMKTS:SEGXF) shares gapped up before the market opened on Friday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $11.7232, but opened at $12.1370. SEGRO shares last traded at $12.1370, with a volume of 502 shares.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lowered SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. BNP Paribas Exane began coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

SEGRO Trading Up 3.0%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The business’s 50-day moving average price is $10.45 and its 200-day moving average price is $10.08.

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.