SEGRO (OTCMKTS:SEGXF) Given Average Recommendation of “Reduce” by Analysts

SEGRO (OTCMKTS:SEGXF) has earned a consensus recommendation of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. UBS Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. 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. Finally, Zacks Research upgraded SEGRO to a “hold” rating in a report on Wednesday, March 11th.

SEGRO Trading Down 5.8%

Shares of SEGXF stock opened at $9.80 on Tuesday. The firm’s 50-day simple moving average is $10.31 and its 200-day simple moving average is $9.61. SEGRO has a 1-year low of $7.64 and a 1-year 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.