SEGRO (OTCMKTS:SEGXF) was downgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Wednesday, The Fly reports.
SEGXF has been the subject of several other research reports. UBS Group downgraded shares of SEGRO from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 19th. Zacks Investment Research raised shares of SEGRO from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.25.
OTCMKTS SEGXF opened at $11.26 on Wednesday. SEGRO has a 12 month low of $7.43 and a 12 month high of $11.26. The company’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $9.77.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.
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