SEGRO (OTCMKTS:SEGXF) Trading 5.3% Higher – What’s Next?

SEGRO (OTCMKTS:SEGXFGet Free Report) rose 5.3% during mid-day trading on Thursday . The stock traded as high as $10.65 and last traded at $10.65. Approximately 163 shares traded hands during trading, a decline of 95% from the average daily volume of 3,067 shares. The stock had previously closed at $10.11.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded SEGRO from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SEGRO presently has an average rating of “Hold”.

Check Out Our Latest Analysis on SEGXF

SEGRO Stock Down 2.2%

The firm’s 50 day moving average is $9.61 and its 200-day moving average is $9.17.

SEGRO Company Profile

(Get Free Report)

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.

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