SEGRO (OTCMKTS:SEGXF) Stock Bumped Down to “Hold” by Kepler Capital Markets

Kepler Capital Markets downgraded shares of SEGRO (OTCMKTS:SEGXF) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks reports.

Several other brokerages also recently issued reports on SEGXF. BNP Paribas Exane began coverage on SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Barclays upgraded shares of SEGRO from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Down 4.0%

SEGXF stock opened at $12.00 on Thursday. The stock’s 50 day moving average price is $12.73 and its 200 day moving average price is $11.02. SEGRO has a 1 year low of $8.20 and a 1 year high of $13.30.

About SEGRO

SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.

The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.

SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.