SEGRO (OTCMKTS:SEGXF) Hits New 1-Year High – What’s Next?

SEGRO (OTCMKTS:SEGXF) hit a new 52-week high on Tuesday . The company traded as high as $10.2640 and last traded at $10.2640, with a volume of 202 shares traded. The stock had previously closed at $10.1020.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SEGRO presently has an average rating of “Hold”.

SEGRO Stock Down 2.2%

The company’s fifty day moving average price is $9.63 and its two-hundred day moving average price is $9.18.

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.