Tritax Big Box REIT (LON:BBOX) Earns Buy Rating from Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 201 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 39.29% from the stock’s previous close.

Several other equities research analysts have also commented on BBOX. Berenberg Bank cut their price target on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a report on Tuesday, September 8th. JPMorgan Chase & Co. increased their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Peel Hunt reissued 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Tritax Big Box REIT has an average rating of “Moderate Buy” and a consensus price target of GBX 198.

Tritax Big Box REIT Price Performance

BBOX stock traded up GBX 0.70 during mid-day trading on Thursday, reaching GBX 144.30. 28,089,449 shares of the company’s stock were exchanged, compared to its average volume of 31,999,135. The company has a market cap of £4.22 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The stock’s 50 day moving average is GBX 151.34 and its 200 day moving average is GBX 153.86. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42. Tritax Big Box REIT has a 12-month low of GBX 138.50 and a 12-month high of GBX 175.

Tritax Big Box REIT (LON:BBOX) last posted its quarterly earnings data 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, research analysts expect that Tritax Big Box REIT will post 8.97 EPS for the current 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.