Hsbc Global Res Downgrades SEGRO (OTCMKTS:SEGXF) to Hold

SEGRO (OTCMKTS:SEGXF) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Barclays downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th.

SEGRO Stock Performance

Shares of SEGXF opened at $9.00 on Monday. SEGRO has a 52-week low of $8.35 and a 52-week high of $12.49. The business’s fifty day moving average is $8.95 and its 200-day moving average is $10.43.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.