SEGRO (OTCMKTS:SEGXF) Upgraded at Zacks Research

Zacks Research upgraded shares of SEGRO (OTCMKTS:SEGXF) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

SEGXF has been the subject of several other reports. Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

SEGRO Stock Performance

OTCMKTS SEGXF opened at $9.70 on Wednesday. SEGRO has a 52-week low of $7.64 and a 52-week high of $11.54. The company has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $9.57.

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.