SEGRO (OTCMKTS:SEGXF – Get Free Report) traded down 4% on Thursday after Kepler Capital Markets downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $12.00 and last traded at $12.00. 7,557 shares changed hands during trading, an increase of 782% from the average daily volume of 857 shares. The stock had previously closed at $12.50.
Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. BNP Paribas Exane initiated coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Barclays upgraded shares of SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.
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SEGRO Stock Performance
About SEGRO
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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