SEGRO (OTCMKTS:SEGXF) Lifted to Buy at Zacks Investment Research

SEGRO (OTCMKTS:SEGXF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage currently has a $22.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.55% from the company’s current price.

According to Zacks, “SEGRO plc is a real estate investment trust. The company is an owner, manager and developer of warehouses and light industrial property. It operates primarily in UK and Europe. SEGRO plc is headquatered in London, United Kingdom. “

A number of other analysts also recently issued reports on SEGXF. Berenberg Bank began coverage on SEGRO in a research report on Tuesday, October 26th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of SEGRO in a research report on Wednesday, September 1st. The Goldman Sachs Group raised SEGRO from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 20th. Barclays reiterated an “overweight” rating on shares of SEGRO in a research report on Monday, August 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of SEGRO in a research report on Monday, August 2nd. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $19.35.

OTCMKTS:SEGXF opened at $19.04 on Wednesday. The business has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $16.57. SEGRO has a 1 year low of $11.72 and a 1 year high of $19.32.

About SEGRO

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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Analyst Recommendations for SEGRO (OTCMKTS:SEGXF)

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