SEGRO (OTCMKTS:SEGXF) Receives Average Recommendation of “Hold” from Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms recently issued reports on SEGXF. BNP Paribas Exane began coverage on shares of SEGRO in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. The Goldman Sachs Group upgraded shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th.

Trending Headlines about SEGRO

Here are the key news stories impacting SEGRO this week:

• Positive Sentiment: Prologis made a “best and final” all-stock offer for SEGRO at about £14 billion ($18.8 billion), lifting the bid by 9.5% from its prior approach and signaling that the suitor is serious about completing a deal. Reuters: Prologis tables $18.8 billion takeover proposal for UK’s Segro
• Positive Sentiment: SEGRO’s board signaled support for Prologis’ revised proposal, and Prologis said the deadline for talks was extended, reducing the chance the deal collapses immediately and keeping takeover expectations alive. PR Newswire: Update Regarding Possible Combination of SEGRO and Prologis
• Positive Sentiment: Several reports said SEGRO shareholders and major investors urged constructive engagement with Prologis, which can be seen as increasing pressure on the board to keep negotiating rather than rejecting the bid outright. Reuters: Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Neutral Sentiment: Analysts noted SEGRO’s standalone development pipeline could still create substantial long-term value, which supports the argument that the company does not need to sell at current terms. Proactive Investors: Jefferies asks whether Segro can go it alone
• Negative Sentiment: Prologis also publicly challenged SEGRO’s valuation and said it would walk away if terms do not work, leaving some risk that talks still fail if the sides cannot bridge remaining differences. TipRanks: Prologis challenges SEGRO valuation as talks on possible tie-up stall

SEGRO Trading Up 6.2%

OTCMKTS SEGXF opened at $12.18 on Monday. The stock’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.13. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. SEGRO has a 52 week low of $8.18 and a 52 week high of $12.58.

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.