Tritax Big Box REIT (LON:BBOX) Price Target Raised to GBX 190

Tritax Big Box REIT (LON:BBOX) had its price target raised by equities researchers at JPMorgan Chase & Co. from GBX 180 to GBX 190 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.64% from the stock’s current price.

BBOX has been the subject of several other reports. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. 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. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 196 target price on shares of Tritax Big Box REIT in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 198.25.

Tritax Big Box REIT Price Performance

Tritax Big Box REIT stock opened at GBX 162.90 on Wednesday. The firm has a fifty day moving average of GBX 160.80 and a 200-day moving average of GBX 157.73. 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 0.74 and a debt-to-equity ratio of 52.13. The firm has a market capitalization of £4.42 billion, a P/E ratio of 11.32, a PEG ratio of 2.05 and a beta of 1.77.

Tritax Big Box REIT (LON:BBOX) last posted its earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. As a group, analysts predict that Tritax Big Box REIT will post 8.9700057 EPS for the current 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.