SEGRO (OTCMKTS:SEGXF) Downgraded to Hold Rating by Berenberg Bank

SEGRO (OTCMKTS:SEGXF) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

SEGXF has been the subject of a number of other reports. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Kepler Capital Markets upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. BNP Paribas Exane initiated coverage on shares of SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, SEGRO presently has a consensus rating of “Hold”.

SEGRO Trading Up 0.8%

SEGRO stock opened at $12.70 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The business’s fifty day moving average is $11.75 and its two-hundred day moving average is $10.53. SEGRO has a 52 week low of $8.18 and a 52 week high of $13.21.

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.