SEGRO (SEGXF) to Post Quarterly Earnings on Thursday

SEGRO (OTCMKTS:SEGXF) will likely be announcing its resultson Thursday, July 30th. Analysts expect SEGRO to announce earnings of $0.2527 per share and revenue of $503.3980 million for the quarter.

SEGRO Stock Performance

OTCMKTS:SEGXF opened at $12.18 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. SEGRO has a one year low of $8.18 and a one year high of $12.58. The business’s 50-day simple moving average is $10.59 and its 200 day simple moving average is $10.13.

Trending Headlines about SEGRO

Here are the key news stories impacting SEGRO this week:

• Positive Sentiment: Prologis made a “best and final” all-stock offer for SEGRO at about £14 billion ($18.8 billion), lifting the bid by 9.5% from its prior approach and signaling that the suitor is serious about completing a deal. Reuters: Prologis tables $18.8 billion takeover proposal for UK’s Segro
• Positive Sentiment: SEGRO’s board signaled support for Prologis’ revised proposal, and Prologis said the deadline for talks was extended, reducing the chance the deal collapses immediately and keeping takeover expectations alive. PR Newswire: Update Regarding Possible Combination of SEGRO and Prologis
• Positive Sentiment: Several reports said SEGRO shareholders and major investors urged constructive engagement with Prologis, which can be seen as increasing pressure on the board to keep negotiating rather than rejecting the bid outright. Reuters: Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Neutral Sentiment: Analysts noted SEGRO’s standalone development pipeline could still create substantial long-term value, which supports the argument that the company does not need to sell at current terms. Proactive Investors: Jefferies asks whether Segro can go it alone
• Negative Sentiment: Prologis also publicly challenged SEGRO’s valuation and said it would walk away if terms do not work, leaving some risk that talks still fail if the sides cannot bridge remaining differences. TipRanks: Prologis challenges SEGRO valuation as talks on possible tie-up stall

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SEGXF shares. BNP Paribas Exane assumed coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.