SEGRO (OTCMKTS:SEGXF) Stock Rating Lowered by The Goldman Sachs Group

SEGRO (OTCMKTS:SEGXF) was downgraded by investment analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

SEGRO Stock Performance

SEGXF stock traded up $0.06 during trading on Thursday, hitting $11.13. The company had a trading volume of 656 shares, compared to its average volume of 884. The firm has a 50-day moving average price of $10.13 and a 200-day moving average price of $9.46. SEGRO has a 1-year low of $7.64 and a 1-year high of $11.54.

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.