Tritax Big Box REIT (LON:BBOX) Stock Crosses Above 50-Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOX)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 149.35 and traded as high as GBX 152. Tritax Big Box REIT shares last traded at GBX 151.40, with a volume of 2,016,417 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BBOX shares. Jefferies Financial Group lifted their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the company a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tritax Big Box REIT in a research note on Wednesday, September 10th. Peel Hunt reaffirmed an “add” rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Finally, Shore Capital reiterated a “buy” rating and set a GBX 300 price target on shares of Tritax Big Box REIT in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tritax Big Box REIT presently has an average rating of “Buy” and a consensus target price of GBX 214.67.

Tritax Big Box REIT Price Performance

The stock has a 50 day moving average price of GBX 149.35 and a two-hundred day moving average price of GBX 145.01. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42. The firm has a market capitalization of £4.09 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.05 and a beta of 0.89.

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.