Goldman Sachs Group Downgrades SEGRO (OTCMKTS:SEGXF) to Neutral

SEGRO (OTCMKTS:SEGXF) was downgraded by Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports.

Several other analysts have also commented on the stock. UBS Group lowered shares of SEGRO from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 19th. Royal Bank of Canada lowered shares of SEGRO from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.25.

SEGXF stock opened at $11.26 on Monday. The firm has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $9.85. SEGRO has a one year low of $7.43 and a one year high of $11.26.

SEGRO Company Profile

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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