SEGRO (OTCMKTS:SEGXF) Receives Average Rating of “Reduce” from Brokerages

SEGRO (OTCMKTS:SEGXF) has been given an average rating of “Reduce” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

SEGXF has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research raised shares of SEGRO to a “hold” rating in a research note on Wednesday, March 11th. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th.

SEGRO Stock Up 1.7%

SEGXF opened at $9.44 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. The company’s 50 day simple moving average is $10.00 and its two-hundred day simple moving average is $9.68. SEGRO has a 1-year low of $8.18 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.