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

SEGRO (OTCMKTS:SEGXFGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $10.2640 and last traded at $10.2640, with a volume of 202 shares changing hands. The stock had previously closed at $10.1020.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Analysis on SEGRO

SEGRO Price Performance

The firm has a fifty day moving average of $9.57 and a 200-day moving average of $9.16.

SEGRO Company Profile

(Get Free Report)

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.

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