SEGRO (OTCMKTS:SEGXF) Hits New 52-Week High After Analyst Upgrade

SEGRO (OTCMKTS:SEGXF)’s stock price hit a new 52-week high during trading on Tuesday after Barclays upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $13.21 and last traded at $13.05, with a volume of 1455 shares trading hands. The stock had previously closed at $12.6675.

SEGXF has been the subject of several other research reports. The Goldman Sachs Group raised shares of SEGRO from a “buy” rating to a “buy” rating in a research report on Monday, June 1st. BNP Paribas Exane initiated coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Kepler Capital Markets raised shares of SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

SEGRO Price Performance

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 business’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $10.63.

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.