FIBRA Prologis (OTCMKTS:FBBPF) Shares Gap Up – Still a Buy?

FIBRA Prologis (OTCMKTS:FBBPF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.34, but opened at $4.54. FIBRA Prologis shares last traded at $4.54, with a volume of 340 shares.

Analysts Set New Price Targets

A number of research firms have commented on FBBPF. Barclays reissued an “overweight” rating on shares of FIBRA Prologis in a report on Monday, May 4th. Zacks Research raised FIBRA Prologis to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, FIBRA Prologis currently has an average rating of “Moderate Buy”.

FIBRA Prologis Price Performance

The business’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $4.60.

About FIBRA Prologis

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.