Tritax Big Box REIT (LON:BBOX) Earns Hold Rating from Peel Hunt
Peel Hunt reaffirmed their hold rating on shares of Tritax Big Box REIT (LON:BBOX) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently weighed in on BBOX. Liberum Capital reissued a hold rating and issued a GBX 145 ($1.91) price target on shares of Tritax Big Box REIT in a research note on Monday, February 3rd. Barclays restated an underweight rating on shares of Tritax Big Box REIT in a research report on Wednesday, November 27th. Numis Securities restated a hold rating on shares of Tritax Big Box REIT in a research report on Wednesday, February 5th. Peel Hunt started coverage on shares of Tritax Big Box REIT in a research report on Wednesday, October 16th. They set a hold rating and a GBX 150 ($1.97) price objective for the company. Finally, Royal Bank of Canada cut their price objective on shares of Tritax Big Box REIT from GBX 195 ($2.57) to GBX 180 ($2.37) and set an outperform rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 149.67 ($1.97).
LON:BBOX opened at GBX 148.80 ($1.96) on Tuesday. The company’s 50-day moving average price is GBX 143.47 and its 200-day moving average price is GBX 147.10. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 43.08. The company has a market cap of $2.54 billion and a P/E ratio of 10.94. Tritax Big Box REIT has a twelve month low of GBX 1.12 ($0.01) and a twelve month high of GBX 156.60 ($2.06).
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.
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