Tritax Big Box REIT’s (BBOX) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tritax Big Box REIT (LON:BBOX) in a report published on Monday, MarketBeat Ratings reports. They currently have a GBX 230 price objective on the stock.

Several other brokerages have also recently commented on BBOX. Jefferies Financial Group raised their target price on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 160 target price on shares of Tritax Big Box REIT in a report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tritax Big Box REIT currently has a consensus rating of “Buy” and a consensus target price of GBX 218.50.

Tritax Big Box REIT Trading Up 0.7%

Tritax Big Box REIT stock opened at GBX 164.80 on Monday. Tritax Big Box REIT has a 52 week low of GBX 121.90 and a 52 week high of GBX 165.80. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The firm has a market capitalization of £4.45 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a 50 day moving average price of GBX 152.60 and a 200 day moving average price of GBX 146.95.

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. 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.