SEGRO (OTCMKTS:SEGXF) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Consensus rating "Reduce": Seven brokerages covering SEGRO (OTCMKTS:SEGXF) give a consensus rating of "Reduce" — with 2 sell, 4 hold and 1 buy.
• Recent analyst activity has been mixed: UBS and Goldman Sachs recently downgraded from "strong-buy" to "hold," while Jefferies upgraded to "buy" and Zacks moved to "hold."
• Shares fell about 6.9%, opening at $9.27, trading near their 50- and 200-day averages (~$9.73 and $9.75) and within a one-year range of $8.18–$11.54.

SEGRO (OTCMKTS:SEGXF - Get Free Report) has been assigned a consensus rating of "Reduce" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

A number of brokerages recently weighed in on SEGXF. UBS Group cut shares of SEGRO from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Zacks Research upgraded shares of SEGRO to a "hold" rating in a report on Wednesday, March 11th. Jefferies Financial Group upgraded shares of SEGRO from a "hold" rating to a "buy" rating in a report on Monday, January 26th. Finally, The Goldman Sachs Group downgraded SEGRO from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th.

SEGRO Trading Down 6.9%

Shares of SEGXF opened at $9.27 on Wednesday. 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 $9.73 and its 200-day simple moving average is $9.75. SEGRO has a 1 year low of $8.18 and a 1 year 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.

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