Tritax Big Box REIT (LON:BBOX) Sets New 12-Month High – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 167.16 and last traded at GBX 166.70, with a volume of 6544411 shares changing hands. The stock had previously closed at GBX 163.80.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBOX. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 230 price objective on shares of Tritax Big Box REIT in a report on Monday, January 26th. Finally, Jefferies Financial Group boosted their price target on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 218.50.

Tritax Big Box REIT Stock Performance

The stock’s 50 day moving average price is GBX 156.55 and its 200 day moving average price is GBX 148.57. The company has a market cap of £4.61 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99.

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.