SEGRO (OTCMKTS:SEGXF) Receives Consensus Rating of “Reduce” from Analysts

Shares of SEGRO (OTCMKTS:SEGXF) have been assigned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of analysts have weighed in on the stock. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. UBS Group downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th.

SEGRO Price Performance

Shares of SEGRO stock opened at $10.10 on Friday. The firm’s 50 day moving average is $9.98 and its 200 day moving average is $9.69. SEGRO has a 1 year low of $8.18 and a 1 year high of $11.54. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.