Tritax Big Box REIT plc (LON:BBOX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Tritax Big Box REIT plc (LON:BBOX) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 201.43.

Several brokerages have issued reports on BBOX. The Goldman Sachs Group decreased their price objective 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 reissued a “buy” rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a research note on Wednesday, June 17th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 150 price objective on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research note on Friday, March 20th.

Tritax Big Box REIT Stock Up 1.6%

Shares of LON BBOX opened at GBX 163.70 on Friday. The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42. The company has a market cap of £4.44 billion, a P/E ratio of 11.38, a PEG ratio of 2.05 and a beta of 1.76. Tritax Big Box REIT has a 1 year low of GBX 132.20 and a 1 year high of GBX 174. The firm has a 50-day simple moving average of GBX 151.57 and a two-hundred day simple moving average of GBX 154.84.

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. 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.