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

Shares of Tritax Big Box REIT plc (LON:BBOX) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 201.43.

BBOX has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 price target on shares of Tritax Big Box REIT in a report on Wednesday, June 17th. 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 report on Friday, March 20th. The Goldman Sachs Group dropped their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th.

Tritax Big Box REIT Price Performance

LON BBOX opened at GBX 163.70 on Friday. The firm’s fifty day simple moving average is GBX 151.57 and its two-hundred day simple moving average is GBX 154.84. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. Tritax Big Box REIT has a 12-month low of GBX 132.20 and a 12-month high of GBX 174. The firm has a market capitalization of £4.44 billion, a P/E ratio of 11.38, a P/E/G ratio of 2.05 and a beta of 1.76.

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.