SEGRO (OTCMKTS:SEGXF)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a report released on Thursday, The Fly reports.
SEGXF has been the subject of a number of other reports. Zacks Investment Research raised shares of SEGRO from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SEGRO in a research report on Wednesday, July 7th. Finally, Cheuvreux assumed coverage on shares of SEGRO in a research report on Wednesday, June 9th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.00.
SEGXF stock traded up $0.50 during midday trading on Thursday, reaching $16.20. 127 shares of the company were exchanged, compared to its average volume of 1,172. The stock’s 50-day simple moving average is $14.92. SEGRO has a one year low of $11.22 and a one year high of $16.42.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at Â£13.3 billion serving customers from a wide range of industry sectors.
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