Short Interest in SEGRO Plc (OTCMKTS:SEGXF) Grows By 83.0%

SEGRO Plc (OTCMKTS:SEGXFGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 16,100 shares, a growth of 83.0% from the March 31st total of 8,800 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 16.1 days.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut SEGRO from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. The Goldman Sachs Group cut SEGRO from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, March 31st. Berenberg Bank raised their price objective on SEGRO from GBX 1,500 ($19.12) to GBX 1,560 ($19.88) in a research report on Friday, February 25th. JPMorgan Chase & Co. raised their price objective on SEGRO from GBX 1,450 ($18.48) to GBX 1,585 ($20.20) in a research report on Wednesday, March 23rd. Finally, Morgan Stanley raised their price objective on SEGRO from GBX 1,350 ($17.21) to GBX 1,600 ($20.39) and gave the company an “overweight” rating in a research report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $956.14.

OTCMKTS:SEGXF opened at $17.76 on Friday. The stock has a 50 day simple moving average of $17.50 and a 200 day simple moving average of $17.97. 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 1-year low of $13.28 and a 1-year high of $19.50.

About SEGRO (Get Rating)

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 £13.3 billion serving customers from a wide range of industry sectors.

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