SEGRO (OTCMKTS:SEGXF) Sets New 12-Month High – Here’s Why

SEGRO (OTCMKTS:SEGXF) hit a new 52-week high during mid-day 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.

Wall Street Analyst Weigh In

SEGXF has been the topic of a number of analyst reports. Zacks Research raised SEGRO to a “hold” rating in a research note on Wednesday, March 11th. BNP Paribas Exane assumed coverage on SEGRO in a report on Wednesday. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group raised SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SEGRO presently has a consensus rating of “Hold”.

SEGRO Stock Up 3.0%

The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $9.99 and a two-hundred day moving average of $9.92.

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.