SEGRO (OTCMKTS:SEGXF) Stock Price Up 5.3% – Should You Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price shot up 5.3% during trading on Thursday . The company traded as high as $10.65 and last traded at $10.65. 163 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 3,067 shares. The stock had previously closed at $10.11.

Analyst Upgrades and Downgrades

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

SEGRO Trading Down 2.2%

The business has a fifty day moving average price of $9.61 and a 200 day moving average price of $9.17.

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.