Tritax Big Box REIT (LON:BBOX) Earns “Buy” Rating from Berenberg Bank

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report released on Monday,London Stock Exchange reports. They presently have a GBX 230 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.30% from the company’s current price.

A number of other research analysts have also commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Peel Hunt reiterated an “add” rating and set a GBX 160 target price on shares of Tritax Big Box REIT in a research report on Monday, October 13th. Finally, Jefferies Financial Group boosted their price target on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 218.50.

Tritax Big Box REIT Stock Performance

LON BBOX traded down GBX 0.66 during trading on Monday, reaching GBX 163.94. 9,127,049 shares of the company’s stock were exchanged, compared to its average volume of 12,223,729. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42. The business has a 50 day moving average price of GBX 151.93 and a 200-day moving average price of GBX 146.68. Tritax Big Box REIT has a fifty-two week low of GBX 121.90 and a fifty-two week high of GBX 165.80. The stock has a market capitalization of £4.43 billion, a P/E ratio of 9.50, a PEG ratio of 2.05 and a beta of 0.89.

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. 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.