SEGRO (SEGXF) Cut to “Hold” at Zacks Investment Research

Share on StockTwits

SEGRO (OTCMKTS:SEGXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “SEGRO plc is a real estate investment trust. The company is an owner, manager and developer of warehouses and light industrial property. It operates primarily in UK and Europe. SEGRO plc is headquatered in London, United Kingdom. “

Separately, ValuEngine downgraded SEGRO from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd.

Shares of SEGRO stock opened at $8.95 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. SEGRO has a 1-year low of $7.43 and a 1-year high of $8.95.

About SEGRO

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.

See Also: Technical Indicators – What is a Golden Cross?

Get a free copy of the Zacks research report on SEGRO (SEGXF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SEGRO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEGRO and related companies with MarketBeat.com's FREE daily email newsletter.