SEGRO (OTCMKTS:SEGXF) Stock Rating Lowered by Berenberg Bank

SEGRO (OTCMKTS:SEGXF) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on SEGXF. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. BNP Paribas Exane assumed coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Finally, Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Performance

SEGXF opened at $12.70 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $11.75 and its two-hundred day moving average price is $10.53. SEGRO has a 12-month low of $8.18 and a 12-month high of $13.21.

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.