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

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

Wall Street Analysts Forecast Growth

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

SEGRO Price Performance

The firm has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $10.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50.

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.