FIBRA Prologis (OTCMKTS:FBBPF) Shares Gap Up – Time to Buy?

Shares of FIBRA Prologis (OTCMKTS:FBBPF) gapped up prior to trading on Monday . The stock had previously closed at $4.3050, but opened at $4.5340. FIBRA Prologis shares last traded at $4.5340, with a volume of 201 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FBBPF shares. Barclays reaffirmed an “overweight” rating on shares of FIBRA Prologis in a report on Monday, May 4th. Zacks Research upgraded shares of FIBRA Prologis to a “hold” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, FIBRA Prologis presently has an average rating of “Moderate Buy”.

FIBRA Prologis Price Performance

The company has a 50-day moving average of $4.56 and a 200-day moving average of $4.59.

About FIBRA Prologis

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.