SEGRO (OTCMKTS:SEGXF) Rating Lowered to “Hold” at UBS Group

SEGRO (OTCMKTS:SEGXF) was downgraded by equities researchers at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

SEGRO Stock Down 2.8%

OTCMKTS:SEGXF opened at $10.58 on Wednesday. The company has a 50-day moving average of $10.22 and a 200-day moving average of $9.52. 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.