SEGRO (OTCMKTS:SEGXF) Raised to “Buy” at Jefferies Financial Group

SEGRO (OTCMKTS:SEGXFGet Rating) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Friday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Barclays lowered their price objective on shares of SEGRO from GBX 1,545 ($18.61) to GBX 1,300 ($15.66) in a research note on Tuesday, July 5th. The Goldman Sachs Group downgraded shares of SEGRO from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, March 31st. Cheuvreux downgraded shares of SEGRO from a “hold” rating to a “reduce” rating and set a GBX 1,240 ($14.94) target price for the company. in a research report on Tuesday, May 3rd. Finally, Exane BNP Paribas downgraded shares of SEGRO from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, SEGRO has an average rating of “Hold” and a consensus price target of $1,457.00.

SEGRO Price Performance

OTCMKTS:SEGXF opened at $12.30 on Friday. SEGRO has a 12 month low of $11.54 and a 12 month high of $19.50. The firm has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $15.44. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

About SEGRO

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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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Analyst Recommendations for SEGRO (OTCMKTS:SEGXF)

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