SEGRO (OTCMKTS:SEGXF) Rating Lowered to “Hold” at Kepler Capital Markets

SEGRO (OTCMKTS:SEGXF) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other equities research analysts also recently weighed in on the stock. Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. BNP Paribas Exane began coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SEGRO Price Performance

Shares of SEGXF opened at $12.00 on Thursday. SEGRO has a one year low of $8.20 and a one year high of $13.30. The stock’s fifty day moving average is $12.73 and its 200-day moving average is $11.02.

About SEGRO

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.