SEGRO (OTCMKTS:SEGXF) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Monday, The Fly reports.
Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada cut shares of SEGRO from a “sector perform” rating to an “underperform” rating in a report on Wednesday, December 4th. UBS Group cut SEGRO from a “buy” rating to a “neutral” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. SEGRO presently has a consensus rating of “Hold” and a consensus target price of $9.25.
SEGXF stock remained flat at $$11.26 on Monday. The company had a trading volume of 311 shares, compared to its average volume of 135. SEGRO has a 1-year low of $7.43 and a 1-year high of $11.26. The business has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $9.84.
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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