SEGRO (OTCMKTS:SEGXF – Get Free Report)’s stock price fell 4% during mid-day trading on Thursday after Kepler Capital Markets downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $12.00 and last traded at $12.00. Approximately 7,557 shares were traded during trading, an increase of 782% from the average session volume of 857 shares. The stock had previously closed at $12.50.
A number of other equities analysts have also recently weighed in on the stock. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. BNP Paribas Exane started coverage on shares of SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Barclays upgraded shares of SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, SEGRO has a consensus rating of “Hold”.
Read Our Latest Stock Report on SEGXF
SEGRO Price Performance
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.
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