Tritax Big Box REIT plc (LON:BBOX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tritax Big Box REIT plc (LON:BBOX) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 198.25.

A number of equities analysts have recently commented on BBOX shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 200 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 196 price objective on shares of Tritax Big Box REIT in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a report on Thursday, May 7th.

Tritax Big Box REIT Stock Down 1.0%

Shares of BBOX stock opened at GBX 159.10 on Monday. The stock’s 50 day simple moving average is GBX 161.67 and its 200 day simple moving average is GBX 157.69. The company has a debt-to-equity ratio of 52.13, a quick ratio of 0.42 and a current ratio of 0.74. Tritax Big Box REIT has a twelve month low of GBX 132.20 and a twelve month high of GBX 175. The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 2.05 and a beta of 1.77.

Tritax Big Box REIT (LON:BBOX) last posted its earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. As a group, research analysts predict that Tritax Big Box REIT will post 8.9700057 EPS for the current year.

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.