SEGRO (OTCMKTS:SEGXF) Raised to “Buy” at Zacks Investment Research


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SEGRO (OTCMKTS:SEGXF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, Zacks.com reports. The brokerage currently has a $14.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 6.87% from the company’s previous close.

According to Zacks, “SEGRO plc is a real estate investment trust. The company is an owner, manager and developer of warehouses and light industrial property. It operates primarily in UK and Europe. SEGRO plc is headquatered in London, United Kingdom. “

Other analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “underperform” rating on shares of SEGRO in a report on Thursday, February 25th. Peel Hunt upgraded shares of SEGRO to a “hold” rating in a research report on Friday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SEGRO in a report on Friday, January 15th. UBS Group reissued a “neutral” rating on shares of SEGRO in a research note on Monday, March 29th. Finally, Stifel Nicolaus raised shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Wednesday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.00.

OTCMKTS SEGXF opened at $13.10 on Thursday. SEGRO has a 52 week low of $7.70 and a 52 week high of $14.46. The stock’s 50 day moving average price is $12.70 and its two-hundred day moving average price is $12.60.

About SEGRO

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 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.

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Analyst Recommendations for SEGRO (OTCMKTS:SEGXF)

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