SEGRO (OTCMKTS:SEGXF) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

SEGXF has been the topic of a number of analyst reports. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Kepler Capital Markets lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Barclays raised SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th.

SEGRO Stock Performance

OTCMKTS:SEGXF opened at $12.09 on Wednesday. The stock has a fifty day moving average price of $12.51 and a 200-day moving average price of $11.02. SEGRO has a fifty-two week low of $8.20 and a fifty-two week high of $13.30.

About SEGRO

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.