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

Shares of Tritax Big Box REIT plc (LON:BBOX) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 201.43.

Several equities research analysts have recently issued reports on BBOX shares. The Goldman Sachs Group decreased their target price on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research report on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research report on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a research report on Thursday, May 7th.

Insiders Place Their Bets

In related news, insider Alastair Hughes sold 76,783 shares of Tritax Big Box REIT stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 153, for a total value of £117,477.99. Company insiders own 0.07% of the company’s stock.

Tritax Big Box REIT Trading Down 1.1%

Shares of Tritax Big Box REIT stock opened at GBX 148.30 on Wednesday. Tritax Big Box REIT has a 1 year low of GBX 132.20 and a 1 year high of GBX 174. The firm has a market cap of £4.01 billion, a PE ratio of 10.31, a P/E/G ratio of 2.05 and a beta of 1.76. The stock has a fifty day moving average price of GBX 149.47 and a 200-day moving average price of GBX 154.34. The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42.

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.