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

SEGRO (OTCMKTS:SEGXF) has earned an average recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

Several brokerages have commented on SEGXF. Zacks Research upgraded SEGRO to a “hold” rating in a research note on Wednesday, March 11th. UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th.

SEGRO Price Performance

Shares of SEGXF opened at $10.01 on Friday. The business’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $9.76. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. SEGRO has a 12 month low of $8.18 and a 12 month high of $11.54.

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.