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

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

Analyst Upgrades and Downgrades

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

SEGRO Stock Down 0.1%

The stock has a 50 day moving average of $11.98 and a 200-day moving average of $10.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

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.