Jefferies Financial Group Reiterates “Buy” Rating for Tritax Big Box REIT (LON:BBOX)

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 15.61% from the company’s current price.

A number of other brokerages have also recently commented on BBOX. Stifel Nicolaus reiterated a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. The Goldman Sachs Group decreased their target price 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. Finally, Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 201.43.

Tritax Big Box REIT Price Performance

Tritax Big Box REIT stock opened at GBX 173 on Monday. The stock has a market cap of £4.70 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 2.05 and a beta of 1.76. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74. The business has a 50-day simple moving average of GBX 156.17 and a 200 day simple moving average of GBX 156.99. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 174.

Tritax Big Box REIT Company Profile

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.