SEGRO (OTCMKTS:SEGXF) Shares Gap Down – Here’s What Happened

SEGRO (OTCMKTS:SEGXF)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.4025, but opened at $9.56. SEGRO shares last traded at $9.56, with a volume of 300 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SEGXF shares. Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Zacks Research upgraded shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

SEGRO Stock Performance

The business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $9.62.

SEGRO Company Profile

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.