Tritax Big Box REIT (LON:BBOX) Stock Passes Below 200 Day Moving Average – Time to Sell?

Tritax Big Box REIT plc (LON:BBOX)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.29 and traded as low as GBX 149. Tritax Big Box REIT shares last traded at GBX 150.90, with a volume of 14,119,519 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered 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 report on Monday, March 30th. Stifel Nicolaus restated a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Moderate Buy” and an average target price of GBX 201.43.

Tritax Big Box REIT Price Performance

The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42. The stock’s fifty day simple moving average is GBX 150.27 and its 200-day simple moving average is GBX 154.29. The company has a market capitalization of £4.22 billion, a P/E ratio of 10.80, a PEG ratio of 2.05 and a beta of 1.76.

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. 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.