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

Shares of SEGRO (OTCMKTS:SEGXF) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Separately, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday.

SEGRO Price Performance

Shares of SEGRO stock opened at $10.60 on Monday. The business has a 50-day moving average price of $9.61 and a 200 day moving average price of $9.17. SEGRO has a fifty-two week low of $7.64 and a fifty-two week high of $10.60.

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.