The Goldman Sachs Group Cuts Tritax Big Box REIT (LON:BBOX) Price Target to GBX 180

Tritax Big Box REIT (LON:BBOX) had its price objective lowered by The Goldman Sachs Group from GBX 190 to GBX 180 in a research report sent to investors on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the stock.

BBOX has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research report on Friday, March 20th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 230 price target on shares of Tritax Big Box REIT in a report on Monday, January 26th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 207.33.

Tritax Big Box REIT Trading Up 2.8%

LON:BBOX opened at GBX 145.20 on Monday. The company has a market cap of £3.92 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65. Tritax Big Box REIT has a twelve month low of GBX 121.90 and a twelve month high of GBX 174. The stock has a fifty day simple moving average of GBX 160.59 and a 200-day simple moving average of GBX 153.29.

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 net margin of 111.98% and a return on equity of 5.78%. As a group, equities research analysts predict that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal year.

Insider Buying and Selling at Tritax Big Box REIT

In related news, insider Alastair Hughes sold 76,783 shares of the company’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. 0.07% of the stock is owned by insiders.

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.