SEGRO (OTCMKTS:SEGXF) Stock Rated “Hold” by Sell-Side Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

SEGXF has been the subject of a number of research analyst reports. Kepler Capital Markets cut SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Jefferies Financial Group lowered SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th.

SEGRO Price Performance

Shares of SEGXF opened at $12.09 on Wednesday. The firm’s 50-day moving average price is $12.48 and its 200-day moving average price is $11.04. SEGRO has a 1-year low of $8.20 and a 1-year high of $13.30.

SEGRO Company Profile

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.