SEGRO (OTCMKTS:SEGXF) Shares Down 2.9% – What’s Next?

Shares of SEGRO Plc (OTCMKTS:SEGXF) were down 2.9% during trading on Thursday . The company traded as low as $8.47 and last traded at $8.50. Approximately 2,721 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 2,574 shares. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th.

SEGRO Stock Down 2.9 %

The company has a fifty day moving average of $9.31 and a two-hundred day moving average of $10.81.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.