SEGRO (OTCMKTS:SEGXF) Given Average Recommendation of “Hold” by Brokerages

SEGRO (OTCMKTS:SEGXF) has received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company.

A number of analysts recently weighed in on SEGXF shares. Zacks Research upgraded shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th. BNP Paribas Exane began coverage on shares of SEGRO in a report on Wednesday. They set a “neutral” rating for the company. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Finally, UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th.

SEGRO Trading Down 7.8%

OTCMKTS:SEGXF opened at $11.16 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. SEGRO has a 1-year low of $8.18 and a 1-year high of $12.10. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $9.90.

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.