SEGRO (OTCMKTS:SEGXF) Downgraded to Hold Rating by UBS Group

UBS Group downgraded shares of SEGRO (OTCMKTS:SEGXF) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

SEGRO Stock Performance

Shares of SEGRO stock traded down $0.31 on Wednesday, hitting $10.58. The stock had a trading volume of 420 shares, compared to its average volume of 1,799. The stock has a 50 day moving average of $10.21 and a 200 day moving average of $9.51. SEGRO has a twelve month low of $7.64 and a twelve month high of $11.54.

SEGRO Company Profile

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.