Shore Capital Reiterates Buy Rating for Tritax Big Box REIT (LON:BBOX)

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Several other research analysts also recently weighed in on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a research report on Monday, October 13th. Jefferies Financial Group lifted their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 214.67.

Tritax Big Box REIT Stock Performance

BBOX stock opened at GBX 160.60 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. Tritax Big Box REIT has a 12-month low of GBX 121.90 and a 12-month high of GBX 165.80. The stock has a market capitalization of £4.34 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The stock’s 50 day simple moving average is GBX 151.12 and its 200 day simple moving average is GBX 146.24.

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.