Tritax Big Box REIT’s (BBOX) Buy Rating Reiterated at Berenberg Bank

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 196 target price on the stock. Berenberg Bank’s price target points to a potential upside of 18.93% from the stock’s previous close.

A number of other brokerages also recently commented on BBOX. Jefferies Financial Group restated a “buy” rating and set a GBX 200 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Stifel Nicolaus reissued a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Finally, Peel Hunt restated an “add” rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 199.43.

Tritax Big Box REIT Stock Performance

Shares of LON BBOX opened at GBX 164.80 on Thursday. The stock has a market capitalization of £4.47 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.05 and a beta of 1.76. The firm’s 50-day moving average price is GBX 159.68 and its two-hundred day moving average price is GBX 157.71. Tritax Big Box REIT has a 52-week low of GBX 132.20 and a 52-week high of GBX 175. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. As a group, sell-side analysts forecast that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

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.