SEGRO (OTCMKTS:SEGXF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several equities research analysts have weighed in on SEGXF shares. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Berenberg Bank lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Kepler Capital Markets cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. BNP Paribas Exane initiated coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Finally, Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th.

SEGRO Price Performance

Shares of OTCMKTS:SEGXF opened at $12.30 on Friday. The firm has a fifty day simple moving average of $12.68 and a two-hundred day simple moving average of $11.08. SEGRO has a 52 week low of $8.20 and a 52 week high of $13.30.

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.