SEGRO (OTCMKTS:SEGXF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of SEGRO (OTCMKTS:SEGXF) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, SEGRO currently has an average rating of “Reduce”.

SEGRO Price Performance

Shares of SEGXF opened at $10.01 on Wednesday. SEGRO has a one year low of $7.64 and a one year high of $11.54. The stock’s fifty day moving average is $10.28 and its 200-day moving average is $9.56.

SEGRO Company Profile

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.