SEGRO (OTCMKTS:SEGXF) Rating Lowered to Hold at Kepler Capital Markets

SEGRO (OTCMKTS:SEGXF) was downgraded by equities research analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other equities research analysts also recently weighed in on SEGXF. Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. BNP Paribas Exane assumed coverage on shares of SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Jefferies Financial Group downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Berenberg Bank cut SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SEGRO Trading Down 4.0%

SEGXF stock opened at $12.00 on Thursday. SEGRO has a 1-year low of $8.20 and a 1-year high of $13.30. The firm has a fifty day moving average price of $12.73 and a two-hundred day moving average price of $11.02.

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.