SEGRO (OTCMKTS:SEGXF) Upgraded to Hold at Barclays

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

A number of other equities research analysts have also commented on SEGXF. BNP Paribas Exane initiated coverage on SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SEGRO Price Performance

Shares of SEGXF stock opened at $13.01 on Monday. The stock’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $10.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. SEGRO has a fifty-two week low of $8.18 and a fifty-two week high of $13.21.

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.