SEGRO (OTCMKTS:SEGXF) Cut to Sell at Zacks Investment Research

SEGRO (OTCMKTS:SEGXFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “SEGRO plc is a real estate investment trust. The company is an owner, manager and developer of warehouses and light industrial property. It operates primarily in UK and Europe. SEGRO plc is headquatered in London, United Kingdom. “

A number of other equities analysts also recently issued reports on the company. Berenberg Bank lifted their price target on SEGRO from GBX 1,500 ($19.52) to GBX 1,560 ($20.30) in a research note on Friday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of SEGRO from GBX 1,450 ($18.87) to GBX 1,585 ($20.62) in a report on Wednesday, March 23rd. Morgan Stanley boosted their target price on shares of SEGRO from GBX 1,350 ($17.56) to GBX 1,600 ($20.82) and gave the company an “overweight” rating in a report on Wednesday, January 5th. Finally, The Goldman Sachs Group cut shares of SEGRO from a “conviction-buy” rating to a “buy” rating in a report on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $956.14.

OTCMKTS SEGXF opened at $17.67 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.81. SEGRO has a twelve month low of $13.28 and a twelve month high of $19.50. The business’s fifty day moving average is $17.47 and its 200 day moving average is $17.94.

SEGRO Company Profile (Get Rating)

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors.

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