SEGRO (OTCMKTS:SEGXF) Receives Average Rating of "Reduce" from Analysts

Key Points

• Analyst consensus: Seven analysts give SEGRO an average recommendation of "Reduce", comprising 2 sell, 4 hold and 1 buy ratings.
• Recent rating moves: Jefferies upgraded SEGRO to a "buy" while Goldman Sachs and UBS downgraded from "strong-buy" to "hold", and Zacks set a "hold".
• Stock snapshot: OTCMKTS:SEGXF opened at $9.29, with a 12-month range of $8.05–$11.54 and 50-/200-day SMAs of $10.02 and $9.66, and shows moderate leverage (debt/equity 0.36) but low liquidity (quick/current ratio 0.50).

Shares of SEGRO (OTCMKTS:SEGXF - Get Free Report) have earned an average recommendation of "Reduce" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.

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

SEGRO Price Performance

OTCMKTS:SEGXF opened at $9.29 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a fifty day simple moving average of $10.02 and a two-hundred day simple moving average of $9.66. SEGRO has a 12 month low of $8.05 and a 12 month high of $11.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.