Tritax Big Box REIT (LON:BBOX) Sets New 12-Month High – Should You Buy?

Tritax Big Box REIT plc (LON:BBOXGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 166.60 and last traded at GBX 166.30, with a volume of 1086677 shares trading hands. The stock had previously closed at GBX 165.

Analyst Ratings Changes

BBOX has been the subject of several research reports. Peel Hunt reissued an “add” rating and issued a GBX 160 target price on shares of Tritax Big Box REIT in a report on Monday, October 13th. Jefferies Financial Group lifted their price target on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 230 target price on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tritax Big Box REIT currently has an average rating of “Buy” and an average price target of GBX 218.50.

Check Out Our Latest Stock Report on Tritax Big Box REIT

Tritax Big Box REIT Price Performance

The company has a 50-day moving average of GBX 154.21 and a 200-day moving average of GBX 147.60. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The stock has a market cap of £4.49 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT Company Profile

(Get Free Report)

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.

Further Reading

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