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 an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 204.29.

A number of analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. The Goldman Sachs Group reduced their price objective on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research report on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Peel Hunt reaffirmed an “add” rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a research report on Monday.

Tritax Big Box REIT Stock Performance

Shares of BBOX stock opened at GBX 172.60 on Thursday. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74. The business has a 50 day moving average of GBX 156.70 and a two-hundred day moving average of GBX 157.12. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 174. The company has a market cap of £4.69 billion, a P/E ratio of 11.99, a PEG ratio of 2.05 and a beta of 1.76.

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.