Kepler Capital Markets Upgrades SEGRO (OTCMKTS:SEGXF) to “Strong-Buy”

SEGRO (OTCMKTS:SEGXF) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Several other brokerages have also recently commented on SEGXF. BNP Paribas Exane started coverage on SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

SEGRO Price Performance

OTCMKTS SEGXF opened at $12.08 on Friday. SEGRO has a twelve month low of $8.18 and a twelve month high of $12.58. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $10.08.

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.