Tritax Big Box REIT plc (LON:BBOX) Stock Has Average Price Target of GBX 198.88

Shares of Tritax Big Box REIT plc (LON:BBOX) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 198.88.

A number of brokerages have recently commented on BBOX. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 208 target price on shares of Tritax Big Box REIT in a research report on Wednesday, September 9th. Berenberg Bank dropped their price objective on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Peel Hunt restated an “add” rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th.

Tritax Big Box REIT Stock Up 0.6%

Shares of BBOX opened at GBX 139.70 on Tuesday. The company has a debt-to-equity ratio of 52.13, a quick ratio of 0.42 and a current ratio of 0.74. Tritax Big Box REIT has a one year low of GBX 138.50 and a one year high of GBX 175. The stock has a market capitalization of £4.09 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.05 and a beta of 1.75. The stock has a 50 day moving average price of GBX 153.05 and a 200 day moving average price of GBX 153.84.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported GBX 4.41 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. Equities research analysts forecast that Tritax Big Box REIT will post 8.97 earnings per share for the current fiscal year.

Tritax Big Box REIT Company Profile

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.