Tritax Big Box REIT (LON:BBOX) Given New GBX 180 Price Target at The Goldman Sachs Group

Tritax Big Box REIT (LON:BBOX) had its target price lowered by stock analysts at The Goldman Sachs Group from GBX 190 to GBX 180 in a research note issued on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 26.49% from the stock’s current price.

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

Tritax Big Box REIT Trading Up 0.7%

Shares of BBOX traded up GBX 1 during trading hours on Monday, reaching GBX 142.30. 24,292,301 shares of the stock traded hands, compared to its average volume of 31,868,000. The stock has a fifty day simple moving average of GBX 161.81 and a 200 day simple moving average of GBX 153.25. Tritax Big Box REIT has a 52 week low of GBX 121.90 and a 52 week high of GBX 174. The company has a market cap of £3.85 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.05 and a beta of 1.65.

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

Insider Activity

In related news, insider Alastair Hughes sold 76,783 shares of Tritax Big Box REIT stock in a transaction that occurred on 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 currently owned by insiders.

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. 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.