Tritax Big Box REIT (OTCMKTS:TTBXF) Shares Gap Up – Should You Buy?

Shares of Tritax Big Box REIT plc (OTCMKTS:TTBXF) gapped up before the market opened on Monday. The stock had previously closed at $1.6075, but opened at $1.95. Tritax Big Box REIT shares last traded at $1.95, with a volume of 2,565 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TTBXF. Jefferies Financial Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, August 26th. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. The Goldman Sachs Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 25th. Finally, Zacks Research lowered shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

The stock’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $2.05.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns, manages and develops large-scale logistics and distribution properties. Its portfolio is centered on “big box” warehouses used for national and regional distribution, fulfillment, manufacturing, and other supply-chain activities.

The company leases its properties to a range of occupiers, including retailers, manufacturers, logistics providers and other businesses that require substantial warehouse space.