SEGRO (OTCMKTS:SEGXF) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of SEGRO (OTCMKTS:SEGXF) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

SEGRO Trading Up 0.5%

SEGRO stock opened at $11.13 on Thursday. The business’s 50-day simple moving average is $10.13 and its 200-day simple moving average is $9.46. SEGRO has a 52 week low of $7.64 and a 52 week high of $11.54.

SEGRO Company Profile

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.