SEGRO (OTCMKTS:SEGXF) Reaches New 12-Month High – Should You Buy?

SEGRO (OTCMKTS:SEGXF) reached a new 52-week high during trading on Thursday . The stock traded as high as $10.8550 and last traded at $10.8550, with a volume of 112 shares trading hands. The stock had previously closed at $10.2929.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

SEGRO Stock Up 1.3%

The company’s fifty day moving average is $9.84 and its two-hundred day moving average is $9.30.

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.