SEGRO (OTCMKTS:SEGXF) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank lowered shares of SEGRO (OTCMKTS:SEGXF) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

SEGRO Stock Up 0.8%

Shares of SEGXF stock opened at $12.70 on Tuesday. The business’s fifty day moving average is $11.75 and its 200 day moving average is $10.53. SEGRO has a twelve month low of $8.18 and a twelve month high of $13.21. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.