Tritax Big Box REIT (LON:BBOX) Shares Cross Above 50-Day Moving Average – Time to Sell?

Tritax Big Box REIT plc (LON:BBOX)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 152.55 and traded as high as GBX 162.10. Tritax Big Box REIT shares last traded at GBX 158.40, with a volume of 455,191,313 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Tritax Big Box REIT in a report on Wednesday, June 17th. Stifel Nicolaus restated a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lifted their price target on 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. Finally, The Goldman Sachs Group decreased their price target on 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. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 201.43.

Tritax Big Box REIT Price Performance

The firm has a market capitalization of £4.42 billion, a PE ratio of 11.31, a P/E/G ratio of 2.05 and a beta of 1.76. 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 business’s 50 day moving average is GBX 153 and its two-hundred day moving average is GBX 155.93.

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.