SEGRO (OTCMKTS:SEGXF) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

A number of research firms recently issued reports on SEGXF. BNP Paribas Exane assumed coverage on shares of SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Kepler Capital Markets lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th.

SEGRO Price Performance

SEGXF opened at $12.30 on Wednesday. The company’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $10.98. SEGRO has a 1 year low of $8.20 and a 1 year high of $13.30.

SEGRO Company Profile

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.