SEGRO (OTCMKTS:SEGXF) Upgraded at Barclays

SEGRO (OTCMKTS:SEGXF) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. BNP Paribas Exane initiated coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, SEGRO has a consensus rating of “Hold”.

SEGRO Stock Performance

Shares of SEGRO stock opened at $13.01 on Monday. SEGRO has a twelve month low of $8.18 and a twelve month high of $13.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. The business has a 50-day moving average price of $12.05 and a 200 day moving average price of $10.61.

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.