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

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SEGXF shares. UBS Group downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group upgraded SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Finally, Zacks Research raised SEGRO to a “hold” rating in a research report on Wednesday, March 11th. Two equities research 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, SEGRO has a consensus rating of “Hold”.

SEGRO Stock Performance

The business has a fifty day moving average of $9.93 and a 200 day moving average of $9.89. The company has a quick ratio of 0.50, a current 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.