SEGRO (OTCMKTS:SEGXF) Reaches New 1-Year High – Here’s Why

SEGRO (OTCMKTS:SEGXF) reached a new 52-week high during trading on Tuesday . The company traded as high as $13.21 and last traded at $13.05, with a volume of 1455 shares. The stock had previously closed at $12.6675.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. BNP Paribas Exane began coverage on SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Berenberg Bank cut SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, SEGRO currently has a consensus rating of “Hold”.

SEGRO Price Performance

The firm’s fifty day moving average price is $11.98 and its two-hundred day moving average price is $10.60. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

About SEGRO

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.