SEGRO (OTCMKTS:SEGXF) Downgraded by Royal Bank of Canada to Underperform

SEGRO (OTCMKTS:SEGXF) was downgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a report issued on Wednesday, The Fly reports.

Other research analysts have also issued reports about the stock. UBS Group lowered shares of SEGRO from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 19th. Zacks Investment Research upgraded SEGRO from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.25.

SEGXF opened at $11.26 on Wednesday. SEGRO has a twelve month low of $7.43 and a twelve month high of $11.26. The firm’s 50-day moving average price is $10.83 and its 200 day moving average price is $9.77.

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.

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