SEGRO (OTCMKTS:SEGXF) Upgraded at Kepler Capital Markets

SEGRO (OTCMKTS:SEGXF) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other brokerages also recently weighed in on SEGXF. BNP Paribas Exane initiated coverage on SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SEGRO has an average rating of “Hold”.

SEGRO Stock Performance

SEGRO stock opened at $12.08 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. SEGRO has a 1-year low of $8.18 and a 1-year high of $12.58. The firm’s fifty day simple moving average is $10.45 and its 200-day simple moving average is $10.08.

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.