SEGRO (OTCMKTS:SEGXF) Receives Average Recommendation of “Hold” from Brokerages

SEGRO (OTCMKTS:SEGXF) has received a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday.

SEGRO Trading Up 0.0%

Shares of OTCMKTS SEGXF opened at $9.70 on Monday. The company’s 50-day moving average is $9.56 and its 200 day moving average is $9.15. SEGRO has a 1 year low of $7.64 and a 1 year high of $10.21.

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.