Zacks Investment Research Downgrades SEGRO (OTCMKTS:SEGXF) to Sell

Zacks Investment Research cut shares of SEGRO (OTCMKTS:SEGXF) from a hold rating to a sell rating in a research report report published on Wednesday morning, 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. “

Shares of OTCMKTS SEGXF opened at $9.36 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $9.24. SEGRO has a twelve month low of $7.43 and a twelve month high of $9.41.

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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