SEGRO Plc (OTCMKTS:SEGXF – Get Rating) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,800 shares, a growth of 528.6% from the March 15th total of 1,400 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 7.3 days.
Shares of SEGRO stock traded down $0.18 during trading on Tuesday, hitting $17.82. The stock had a trading volume of 3,300 shares, compared to its average volume of 368. The firm’s fifty day simple moving average is $17.48 and its 200-day simple moving average is $17.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.81. SEGRO has a 12 month low of $13.07 and a 12 month high of $19.50.
Several analysts have recently commented on SEGXF shares. Morgan Stanley raised their price objective on shares of SEGRO from GBX 1,350 ($17.59) to GBX 1,600 ($20.85) and gave the company an “overweight” rating in a research report on Wednesday, January 5th. Zacks Investment Research cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Friday, March 4th. The Goldman Sachs Group cut shares of SEGRO from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, March 31st. Berenberg Bank raised their target price on shares of SEGRO from GBX 1,500 ($19.55) to GBX 1,560 ($20.33) in a research note on Friday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SEGRO from GBX 1,450 ($18.89) to GBX 1,585 ($20.65) in a research note on Wednesday, March 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $956.14.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at Â£13.3 billion serving customers from a wide range of industry sectors.
- Get a free copy of the StockNews.com research report on SEGRO (SEGXF)
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