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

SEGRO (OTCMKTS:SEGXF) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

Several analysts have recently commented on SEGXF shares. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded shares of SEGRO to a “hold” rating in a research report on Wednesday, March 11th.

SEGRO Price Performance

SEGXF stock opened at $10.01 on Friday. The company’s 50 day simple moving average is $9.46 and its 200-day simple moving average is $9.77. SEGRO has a 12 month low of $8.18 and a 12 month high of $11.54. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

About SEGRO

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.