Tritax Big Box REIT’s (BBOX) “Buy” Rating Reaffirmed at Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research report issued on Friday,Digital Look reports. They currently have a GBX 212 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 37.04% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group reduced their target price on shares of 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. Berenberg Bank reissued a “buy” rating and issued a GBX 230 price target on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 212.

Tritax Big Box REIT Trading Down 1.2%

Shares of BBOX traded down GBX 1.80 during midday trading on Friday, reaching GBX 154.70. The company had a trading volume of 9,020,996 shares, compared to its average volume of 42,785,898. Tritax Big Box REIT has a 1-year low of GBX 132.20 and a 1-year high of GBX 174. The stock has a market cap of £4.18 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The firm has a 50 day simple moving average of GBX 156.41 and a 200-day simple moving average of GBX 154.15. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74.

Tritax Big Box REIT (LON:BBOX) last posted its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 EPS for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. Research analysts forecast that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal year.

Insider Activity

In related news, insider Alastair Hughes sold 76,783 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Insiders own 0.07% of the company’s stock.

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.