Shares of SEGRO (OTCMKTS:SEGXF – Get Free Report) fell 4% during mid-day trading on Thursday. The company traded as low as $12.00 and last traded at $12.00. Approximately 7,557 shares changed hands during trading, an increase of 782% from the average daily volume of 857 shares. The stock had previously closed at $12.50.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. BNP Paribas Exane initiated 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 analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on SEGXF
SEGRO Price Performance
SEGRO Company Profile
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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