Tritax Big Box REIT (LON:BBOX) Stock Keeps Buy Rating at Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 201 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 39.10% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on BBOX. Berenberg Bank dropped their target price on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating on the stock in a report on Tuesday, September 8th. Peel Hunt reiterated an “add” rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 198.

Tritax Big Box REIT Stock Up 0.1%

BBOX traded up GBX 0.20 during trading on Thursday, hitting GBX 144.50. 6,043,496 shares of the company’s stock traded hands, compared to its average volume of 31,869,982. The stock has a market capitalization of £4.23 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.05 and a beta of 1.74. The company’s 50 day simple moving average is GBX 150.50 and its two-hundred day simple moving average is GBX 153.81. Tritax Big Box REIT has a 12-month low of GBX 138.50 and a 12-month high of GBX 175. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13.

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 5.39% and a net margin of 76.38%. Analysts predict 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.