SEGRO (OTCMKTS:SEGXF) Upgraded by Kepler Capital Markets to Strong-Buy Rating

Kepler Capital Markets upgraded shares of SEGRO (OTCMKTS:SEGXF) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. BNP Paribas Exane assumed coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group lowered SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SEGRO Trading Up 3.0%

SEGXF opened at $12.08 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. SEGRO has a fifty-two week low of $8.18 and a fifty-two week high of $12.58. The firm’s fifty day moving average is $10.45 and its 200 day moving average is $10.08.

About SEGRO

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.