Tritax Big Box REIT (LON:BBOX) Sets New 1-Year High – Should You Buy?

Shares of Tritax Big Box REIT plc (LON:BBOX) reached a new 52-week high on Wednesday . The company traded as high as GBX 165.80 and last traded at GBX 164.80, with a volume of 7565604 shares changing hands. The stock had previously closed at GBX 163.70.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Peel Hunt reissued an “add” rating and issued a GBX 160 price objective on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a research note on Monday. Finally, Jefferies Financial Group boosted their target price on 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. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tritax Big Box REIT presently has a consensus rating of “Buy” and an average target price of GBX 218.50.

Tritax Big Box REIT Stock Up 0.3%

The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The company has a 50-day simple moving average of GBX 153.39 and a 200 day simple moving average of GBX 147.23. The company has a market cap of £4.47 billion, a P/E ratio of 9.58, a P/E/G ratio of 2.05 and a beta of 0.89.

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. 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.