Tritax Big Box REIT (LON:BBOX) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 147.25 and traded as high as GBX 149. Tritax Big Box REIT shares last traded at GBX 148.50, with a volume of 4,752,293 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on BBOX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Peel Hunt restated an “add” rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Berenberg Bank cut their price objective on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a report on Tuesday, September 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 201 price objective on shares of Tritax Big Box REIT in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 183.43.

Tritax Big Box REIT Stock Up 0.1%

The business has a 50-day moving average price of GBX 147.25 and a 200 day moving average price of GBX 155.32. 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 stock has a market capitalization of £4.35 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.05 and a beta of 1.74.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share 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 analysts expect that Tritax Big Box REIT plc will post 8.97 EPS for the current fiscal 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.