SEGRO (OTCMKTS:SEGXF) Reaches New 1-Year High – Should You Buy?

SEGRO (OTCMKTS:SEGXF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $13.21 and last traded at $12.7662, with a volume of 2802 shares changing hands. The stock had previously closed at $12.79.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SEGXF shares. The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. BNP Paribas Exane started coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

SEGRO Trading Down 0.2%

The firm has a 50-day moving average of $10.85 and a 200 day moving average of $10.22. 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.