Tritax Big Box REIT (LON:BBOX) Hits New 1-Year High – Still a Buy?

Tritax Big Box REIT plc (LON:BBOX) reached a new 52-week high on Wednesday . The stock traded as high as GBX 156.10 and last traded at GBX 156, with a volume of 1999019 shares changing hands. The stock had previously closed at GBX 154.

Analyst Ratings Changes

Several analysts have recently issued reports on BBOX shares. Peel Hunt reissued an “add” rating and set a GBX 160 price target on shares of Tritax Big Box REIT in a research report on Monday, October 13th. Shore Capital reiterated a “buy” rating and set a GBX 300 target price on shares of Tritax Big Box REIT in a report on Thursday, October 23rd. Finally, Jefferies Financial Group raised 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. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 214.67.

Tritax Big Box REIT Price Performance

The stock’s 50 day moving average is GBX 149.47 and its two-hundred day moving average is GBX 145.37. The stock has a market capitalization of £4.27 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42.

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.