SEGRO (OTCMKTS:SEGXF) Receives Average Recommendation of “Hold” from Brokerages

Shares of SEGRO (OTCMKTS:SEGXF) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research note on Monday, June 1st. UBS Group cut SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Zacks Research raised SEGRO to a “hold” rating in a research report on Wednesday, March 11th.

SEGRO Trading Up 10.7%

Shares of OTCMKTS:SEGXF opened at $11.48 on Thursday. The company has a quick ratio of 0.50, a current 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 $11.60. The company has a 50-day moving average price of $9.77 and a 200 day moving average price of $9.83.

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.