Tritax Big Box REIT (LON:BBOX) PT Lowered to GBX 155

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Tritax Big Box REIT (LON:BBOX) had its price target cut by investment analysts at Liberum Capital from GBX 165 ($2.16) to GBX 155 ($2.03) in a report issued on Thursday, October 25th. The firm presently has a “hold” rating on the stock. Liberum Capital’s target price suggests a potential upside of 10.24% from the stock’s current price.

Several other research firms have also commented on BBOX. Barclays began coverage on Tritax Big Box REIT in a research report on Tuesday, October 2nd. They set an “equal weight” rating and a GBX 160 ($2.09) price target on the stock. Numis Securities upped their target price on Tritax Big Box REIT from GBX 150 ($1.96) to GBX 153 ($2.00) and gave the company a “hold” rating in a research report on Monday, August 20th.

BBOX traded up GBX 0.20 ($0.00) during midday trading on Thursday, hitting GBX 140.60 ($1.84). The company’s stock had a trading volume of 3,371,600 shares, compared to its average volume of 3,120,000. Tritax Big Box REIT has a 52-week low of GBX 104.70 ($1.37) and a 52-week high of GBX 151.40 ($1.98).

In other news, insider Mark Shaw acquired 155,228 shares of the business’s stock in a transaction dated Monday, October 8th. The stock was acquired at an average price of GBX 144 ($1.88) per share, for a total transaction of £223,528.32 ($292,079.34).

Tritax Big Box REIT Company Profile

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

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