SEGRO (OTCMKTS:SEGXF) Rating Reiterated by UBS Group

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 Company Profile

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 £13.3 billion serving customers from a wide range of industry sectors.

Recommended Story: LIBOR

The Fly logo

Analyst Recommendations for SEGRO (OTCMKTS:SEGXF)

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.