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

SEGRO (OTCMKTS:SEGXF) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. BNP Paribas Exane assumed coverage on SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st.

SEGRO Stock Performance

Shares of OTCMKTS:SEGXF opened at $13.21 on Monday. The business has a 50 day moving average price of $10.72 and a 200 day moving average price of $10.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. SEGRO has a twelve month low of $8.18 and a twelve month 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.