SEGRO (OTCMKTS:SEGXF – Get Free Report)’s stock price fell 4% during trading on Thursday. The company traded as low as $12.00 and last traded at $12.00. Approximately 7,557 shares were traded during mid-day trading, an increase of 782% from the average session volume of 857 shares. The stock had previously closed at $12.50.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. BNP Paribas Exane began coverage on shares of SEGRO in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Berenberg Bank lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Jefferies Financial Group lowered SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, SEGRO presently has a consensus rating of “Hold”.
View Our Latest Stock Report on SEGXF
SEGRO Stock Down 4.0%
SEGRO Company Profile
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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