SEGRO (OTCMKTS:SEGXF) Stock Rated “Hold” by Sell-Side Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several analysts have recently commented on SEGXF shares. Kepler Capital Markets lowered SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. BNP Paribas Exane initiated coverage on SEGRO in a research 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 note on Monday, August 24th. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Berenberg Bank lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th.

SEGRO Stock Up 2.0%

OTCMKTS SEGXF opened at $12.24 on Friday. The firm’s fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $11.05. SEGRO has a 12-month low of $8.20 and a 12-month high of $13.30.

SEGRO Company Profile

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.