SEGRO (OTCMKTS:SEGXF) Cut to “Hold” at UBS Group

UBS Group lowered shares of SEGRO (OTCMKTS:SEGXF) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other analysts have also issued research reports about the company. The Goldman Sachs Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

SEGRO Stock Performance

Shares of SEGRO stock opened at $10.58 on Wednesday. SEGRO has a 12 month low of $7.64 and a 12 month high of $11.54. The business’s 50-day moving average price is $10.25 and its 200-day moving average price is $9.53.

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.