SEGRO (OTCMKTS:SEGXF) Hits New 12-Month High – Should You Buy?

Shares of SEGRO (OTCMKTS:SEGXF) reached a new 52-week high during trading on Thursday . The stock traded as high as $12.80 and last traded at $12.25, with a volume of 407 shares traded. The stock had previously closed at $11.4660.

Key SEGRO News

Here are the key news stories impacting SEGRO this week:

• Positive Sentiment: SEGRO’s board said it would recommend Prologis’s revised takeover offer to shareholders, boosting expectations that a deal may be completed. Segro Shares Rise After Board Yields to Prologis’s Final $18.7 Billion Takeover Bid
• Positive Sentiment: Prologis raised its offer to about £14 billion ($18.7 billion), improving the terms by 9.5% and adding a partial cash alternative of up to £3.5 billion, which likely increased shareholder appeal. Prologis tables $18.8 billion takeover proposal for UK’s Segro
• Positive Sentiment: Prologis also said it would seek a UK listing, a concession that may make the deal more attractive to SEGRO investors and reduce execution concerns. Segro jumps as Prologis raises ‘best and final’ bid to £14bn, seeking more time for talks
• Neutral Sentiment: A SEGRO shareholder had previously urged the board to engage with Prologis’s earlier proposal, adding pressure for negotiations but not changing the fundamentals by itself. Segro shareholder urges engagement with Prologis over $18.1 billion proposal

Analyst Ratings Changes

SEGXF has been the topic of several analyst reports. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a report on Monday, June 1st. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. BNP Paribas Exane started coverage on shares of SEGRO in a research report on Wednesday, July 1st. They issued a “neutral” rating for the company. Finally, Kepler Capital Markets raised SEGRO from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

SEGRO Price Performance

The company has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $10.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50.

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.