SEGRO (OTCMKTS:SEGXF) Hits New 12-Month High – What’s Next?

SEGRO (OTCMKTS:SEGXF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.0980 and last traded at $12.0980, with a volume of 1400 shares traded. The stock had previously closed at $11.65.

Analysts Set New Price Targets

SEGXF has been the topic of several recent research reports. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Zacks Research raised SEGRO to a “hold” rating in a report on Wednesday, March 11th. Finally, UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

SEGRO Stock Up 3.8%

The company’s fifty day moving average is $9.93 and its 200-day moving average is $9.89. 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.