Tritax Big Box REIT’s (BBOX) “Buy” Rating Reaffirmed at Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 200 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 35.41% from the stock’s previous close.

Several other research analysts also recently commented on BBOX. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. The Goldman Sachs Group dropped their price target on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research report on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday, March 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of “Moderate Buy” and an average target price of GBX 201.43.

Tritax Big Box REIT Stock Performance

Shares of LON BBOX opened at GBX 147.70 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’s 50 day moving average is GBX 149.55 and its two-hundred day moving average is GBX 154.28. The company has a market cap of £3.99 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.05 and a beta of 1.76. Tritax Big Box REIT has a 12 month low of GBX 132.20 and a 12 month high of GBX 174.

Insider Buying and Selling

In other news, insider Alastair Hughes sold 76,783 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of GBX 153, for a total transaction of £117,477.99. Corporate insiders own 0.07% of the company’s stock.

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.