SEGRO (SEGXF) – What Are Researchers Thinking About This Stock?

SEGRO (OTCMKTS:SEGXF) has earned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several research firms have recently commented on SEGXF. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Kepler Capital Markets downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. BNP Paribas Exane began coverage on SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Barclays raised SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th.

SEGRO Stock Performance

Shares of SEGRO stock opened at $12.30 on Friday. SEGRO has a 52-week low of $8.20 and a 52-week high of $13.30. The company’s 50-day simple moving average is $12.66 and its 200-day simple moving average is $11.11.

About SEGRO

SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.

The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.

SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.