Tritax Big Box REIT (LON:BBOX) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 153.91 and traded as high as GBX 163.90. Tritax Big Box REIT shares last traded at GBX 163.90, with a volume of 6,523,089 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. Stifel Nicolaus restated a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reduced their price objective on 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 201.43.

Tritax Big Box REIT Stock Performance

The business’s 50 day simple moving average is GBX 153.91 and its two-hundred day simple moving average is GBX 156.35. The stock has a market cap of £4.45 billion, a P/E ratio of 11.39, 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.

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.