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

Shares of SEGRO (OTCMKTS:SEGXF) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th.

SEGRO Trading Down 1.8%

OTCMKTS:SEGXF opened at $10.77 on Friday. The firm’s fifty day moving average price is $9.95 and its 200 day moving average price is $9.36. SEGRO has a 1-year low of $7.64 and a 1-year high of $11.12.

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.