Tritax Big Box REIT plc (LON:BBOX) Receives GBX 198.88 Consensus Target Price from Analysts

Shares of Tritax Big Box REIT plc (LON:BBOX) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 198.88.

Several brokerages have recently weighed in on BBOX. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Berenberg Bank reduced their target price on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a report on Tuesday, September 8th. 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, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 208 price target on shares of Tritax Big Box REIT in a research note on Wednesday, September 9th.

Tritax Big Box REIT Price Performance

Shares of BBOX stock opened at GBX 147.30 on Friday. Tritax Big Box REIT has a 12-month low of GBX 139.80 and a 12-month high of GBX 175. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The firm has a market capitalization of £4.31 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The firm has a fifty day moving average of GBX 160.38 and a 200-day moving average of GBX 155.30.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. On average, equities research analysts forecast that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

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.