Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.29 and traded as low as GBX 149. Tritax Big Box REIT shares last traded at GBX 150.90, with a volume of 14,119,519 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBOX. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. The Goldman Sachs Group decreased their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Thursday, June 4th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 201.43.

Tritax Big Box REIT Stock Performance

The company has a market cap of £4.10 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. The firm’s fifty day moving average is GBX 150.06 and its 200 day moving average is GBX 154.29. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74.

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.