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

SEGRO (OTCMKTS:SEGXF) has been given an average rating of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Separately, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th.

SEGRO Trading Down 3.4%

Shares of SEGRO stock opened at $10.40 on Friday. The business has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $9.38. SEGRO has a 1-year low of $7.64 and a 1-year high of $11.45.

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.