SEGRO (OTCMKTS:SEGXF) Reaches New 52-Week High – Time to Buy?

SEGRO (OTCMKTS:SEGXF)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.45 and last traded at $10.45, with a volume of 580 shares. The stock had previously closed at $10.96.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, SEGRO has an average rating of “Hold”.

SEGRO Stock Down 3.4%

The company has a fifty day moving average price of $9.95 and a 200-day moving average price of $9.36.

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.