SEGRO (OTCMKTS:SEGXF) Given Average Recommendation of “Hold” by Analysts

SEGRO (OTCMKTS:SEGXF) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Separately, Jefferies Financial Group raised SEGRO from a “hold” rating to a “buy” rating in a research note on Monday.

SEGRO Price Performance

SEGRO stock opened at $10.37 on Monday. The firm has a fifty day simple moving average of $9.65 and a two-hundred day simple moving average of $9.19. SEGRO has a twelve month low of $7.64 and a twelve month high of $10.65.

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.