Tritax Big Box REIT plc (LON:BBOX) Stock Has Average Price Target of GBX 183.43

Tritax Big Box REIT plc (LON:BBOX) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 183.43.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 201 price target on shares of Tritax Big Box REIT in a report on Thursday, October 15th. Peel Hunt restated an “add” rating and set a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Berenberg Bank dropped their price target on Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating on the stock in a research report on Tuesday, September 8th.

Tritax Big Box REIT Stock Down 0.4%

Shares of Tritax Big Box REIT stock opened at GBX 145.40 on Friday. The business has a 50-day moving average price of GBX 147.45 and a 200 day moving average price of GBX 155.37. Tritax Big Box REIT has a fifty-two week low of GBX 138.50 and a fifty-two week high of GBX 175. The firm has a market cap of £4.26 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13.

Tritax Big Box REIT (LON:BBOX) last released its earnings results on Wednesday, August 5th. The company reported GBX 4.41 EPS for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. On average, sell-side analysts forecast that Tritax Big Box REIT will post 8.97 earnings per share for the current fiscal 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.