SEGRO (OTCMKTS:SEGXF) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

SEGRO Plc (OTCMKTS:SEGXFGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.82 and traded as low as $8.71. SEGRO shares last traded at $8.71, with a volume of 241 shares trading hands.

Wall Street Analyst Weigh In

SEGXF has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th.

Read Our Latest Analysis on SEGXF

SEGRO Stock Down 2.1 %

The firm’s fifty day moving average price is $8.82 and its 200 day moving average price is $10.03.

SEGRO Company Profile

(Get Free Report)

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.

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