SEGRO (OTCMKTS:SEGXF) Sets New 52-Week High – Still a Buy?

Shares of SEGRO (OTCMKTS:SEGXF) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.21 and last traded at $12.7662, with a volume of 2802 shares changing hands. The stock had previously closed at $12.79.

Analysts Set New Price Targets

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

SEGRO Stock Up 1.8%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. The company’s fifty day moving average is $10.99 and its 200-day moving average is $10.27.

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.