Tritax Big Box REIT plc (LON:BBOX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tritax Big Box REIT plc (LON:BBOX) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 201.43.

A number of equities analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a report on Thursday, May 7th. The Goldman Sachs Group cut their price target on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Monday, March 30th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a research report on Wednesday, June 17th.

Tritax Big Box REIT Trading Up 0.7%

Shares of LON BBOX opened at GBX 170 on Thursday. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. The stock has a market capitalization of £4.61 billion, a PE ratio of 11.81, a PEG ratio of 2.05 and a beta of 1.76. Tritax Big Box REIT has a twelve month low of GBX 132.20 and a twelve month high of GBX 174. The stock has a fifty day simple moving average of GBX 155.26 and a 200-day simple moving average of GBX 156.75.

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.