SEGRO (OTCMKTS:SEGXF) Sets New 1-Year High on Analyst Upgrade

SEGRO (OTCMKTS:SEGXF)’s share price reached a new 52-week high during mid-day trading on Tuesday after Barclays upgraded the stock from a strong sell rating to a hold rating. The company 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 topic of a number of other research reports. Berenberg Bank downgraded SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. BNP Paribas Exane started coverage on shares of SEGRO in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Kepler Capital Markets upgraded SEGRO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Jefferies Financial Group cut shares of SEGRO from a “buy” rating to a “hold” rating in a research report 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SEGRO Price Performance

The stock’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $10.63. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36.

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.