SEGRO (OTCMKTS:SEGXF) Hits New 52-Week High – Should You Buy?

Shares of SEGRO (OTCMKTS:SEGXF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $11.60 and last traded at $11.4758, with a volume of 2935 shares traded. The stock had previously closed at $10.37.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SEGXF. UBS Group lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Research upgraded SEGRO to a “hold” rating in a research report on Wednesday, March 11th. Finally, The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

SEGRO Stock Performance

The company’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $9.83. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.