UBS Group reaffirmed their neutral rating on shares of SEGRO (OTCMKTS:SEGXF) in a research note released on Thursday, The Fly reports.
A number of other equities research analysts also recently issued reports on the company. Cheuvreux began coverage on SEGRO in a research note on Wednesday, June 9th. They set a buy rating for the company. JPMorgan Chase & Co. restated a neutral rating on shares of SEGRO in a research note on Wednesday, July 7th. Finally, Zacks Investment Research upgraded SEGRO from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $17.00.
OTCMKTS SEGXF traded up $0.50 during trading hours on Thursday, hitting $16.20. The company’s stock had a trading volume of 127 shares, compared to its average volume of 1,172. SEGRO has a 12 month low of $11.22 and a 12 month high of $16.42. The stock has a 50 day moving average price of $14.92.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at Â£13.3 billion serving customers from a wide range of industry sectors.
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