SEGRO (OTCMKTS:SEGXF) Given Consensus Recommendation of “Hold” by Brokerages

SEGRO (OTCMKTS:SEGXF) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have weighed in on the company. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. BNP Paribas Exane assumed coverage on SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st.

SEGRO Stock Performance

OTCMKTS:SEGXF opened at $13.21 on Monday. The firm’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.18. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. SEGRO has a twelve month low of $8.18 and a twelve month high of $13.21.

SEGRO Company Profile

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.