Tritax Big Box REIT (LON:BBOX) Sets New 52-Week High – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 165.80 and last traded at GBX 164.80, with a volume of 7565604 shares trading hands. The stock had previously closed at GBX 163.70.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBOX. Berenberg Bank reiterated a “buy” rating and set a GBX 230 target price on shares of Tritax Big Box REIT in a research report on Monday. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Peel Hunt restated an “add” rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 218.50.

Tritax Big Box REIT Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The stock has a market capitalization of £4.45 billion, a PE ratio of 9.55, a P/E/G ratio of 2.05 and a beta of 0.89. The stock’s 50-day moving average is GBX 152.25 and its 200 day moving average is GBX 146.83.

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. BBOX is committed to delivering 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 tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.