Tritax Big Box REIT’s (BBOX) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Tritax Big Box REIT (LON:BBOX) in a research report sent to investors on Friday,Digital Look reports. They currently have a GBX 212 target price on the stock.

A number of other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 230 target price on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 212.

Tritax Big Box REIT Price Performance

Shares of LON BBOX opened at GBX 154.70 on Friday. Tritax Big Box REIT has a fifty-two week low of GBX 132.20 and a fifty-two week high of GBX 174. The company has a market cap of £4.18 billion, a PE ratio of 10.76, a P/E/G ratio of 2.05 and a beta of 1.75. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38. The business has a 50-day simple moving average of GBX 156.09 and a two-hundred day simple moving average of GBX 154.20.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings data on Friday, February 27th. The company reported GBX 8.38 EPS for the quarter. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%. As a group, equities analysts expect that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alastair Hughes sold 76,783 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Company insiders own 0.07% of the company’s stock.

About Tritax Big Box REIT

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.