Royal Bank of Canada lowered shares of SEGRO (OTCMKTS:SEGXF) from a sector perform rating to an underperform rating in a research note issued to investors on Wednesday, The Fly reports.
SEGXF has been the topic of several other reports. Zacks Investment Research upgraded shares of SEGRO from a sell rating to a hold rating in a research report on Tuesday, August 6th. UBS Group downgraded SEGRO from a buy rating to a neutral rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of Hold and an average price target of $9.25.
Shares of OTCMKTS SEGXF opened at $11.26 on Wednesday. SEGRO has a 12-month low of $7.43 and a 12-month high of $11.26. The firm’s 50-day moving average is $10.89 and its two-hundred day moving average is $9.80.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors.
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