SEGRO (OTCMKTS:SEGXF) Given Average Recommendation of “Hold” by Analysts

Shares of SEGRO (OTCMKTS:SEGXF) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently weighed in on SEGXF shares. Barclays raised SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, BNP Paribas Exane began coverage on shares of SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock.

SEGRO Stock Performance

SEGXF opened at $12.46 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $10.82. SEGRO has a 12-month low of $8.20 and a 12-month high of $13.30.

SEGRO Company Profile

SEGRO plc is a United Kingdom-based real estate investment trust that owns, develops and manages modern warehouse and industrial properties. Its portfolio is focused on logistics facilities, urban warehouses, data centers and other properties that support supply chains, e-commerce and essential business operations.

The company serves a range of customers, including retailers, manufacturers, logistics providers and data-driven businesses. Its properties are located primarily in the United Kingdom and continental Europe, with a focus on major cities, transportation hubs and strategically important industrial markets.

SEGRO traces its origins to 1920, when it was established as the Slough Trading Company to develop and manage industrial space at Slough Trading Estate.