SEGRO (OTCMKTS:SEGXF) Receives Average Rating of “Hold” from Analysts

Shares of SEGRO (OTCMKTS:SEGXF) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages have recently commented on SEGXF. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. BNP Paribas Exane began coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th.

SEGRO Price Performance

Shares of OTCMKTS SEGXF opened at $13.11 on Tuesday. SEGRO has a 1-year low of $8.20 and a 1-year high of $13.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The business’s 50 day moving average is $12.43 and its two-hundred day moving average is $10.77.

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.