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

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Zacks Investment Research cut shares of SEGRO (OTCMKTS:SEGXF) from a hold rating to a sell rating in a research note issued to investors on Thursday 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. “

SEGXF opened at $9.41 on Thursday. The business has a 50 day moving average of $9.20. 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 $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.

Further Reading: Accumulation/Distribution

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