Tritax Big Box REIT (LON:BBOX) Earns “Buy” Rating from Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 201 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 39.10% from the company’s current price.

BBOX has been the subject of a number of other research reports. Peel Hunt reiterated an “add” rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Berenberg Bank dropped their price objective on Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating on the stock in a report on Tuesday, September 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 198.

Tritax Big Box REIT Stock Up 0.1%

LON:BBOX traded up GBX 0.20 during mid-day trading on Thursday, hitting GBX 144.50. The stock had a trading volume of 6,043,496 shares, compared to its average volume of 31,869,982. Tritax Big Box REIT has a twelve month low of GBX 138.50 and a twelve month high of GBX 175. The stock has a 50-day simple moving average of GBX 150.50 and a two-hundred day simple moving average of GBX 153.81. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13. The company has a market capitalization of £4.23 billion, a PE ratio of 13.80, a PEG ratio of 2.05 and a beta of 1.74.

Tritax Big Box REIT (LON:BBOX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 EPS for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. On average, equities research analysts anticipate that Tritax Big Box REIT will post 8.97 EPS for the current year.

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.