SEGRO (OTCMKTS:SEGXF) Reaches New 52-Week High – Time to Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price reached a new 52-week high on Friday . The stock traded as high as $11.45 and last traded at $10.45, with a volume of 580 shares trading hands. The stock had previously closed at $10.96.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SEGRO currently has a consensus rating of “Hold”.

SEGRO Stock Down 3.4%

The firm’s fifty day moving average is $9.95 and its 200 day moving average is $9.36.

SEGRO Company Profile

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.