Tritax Big Box REIT (LON:BBOX) Sets New 1-Year High – Here’s Why

Tritax Big Box REIT plc (LON:BBOXGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 173.70 and last traded at GBX 170.40, with a volume of 6063929 shares traded. The stock had previously closed at GBX 170.64.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Jefferies Financial Group increased 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 report on Tuesday, October 28th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 230 price target on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 218.50.

Get Our Latest Analysis on BBOX

Tritax Big Box REIT Stock Down 0.1%

The firm has a market capitalization of £4.60 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The business has a 50 day moving average of GBX 157.42 and a 200 day moving average of GBX 149.07. 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

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Tritax Big Box REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tritax Big Box REIT and related companies with MarketBeat.com's FREE daily email newsletter.