Tritax Big Box REIT plc (LON:BBOX) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of equities research analysts have recently issued reports on BBOX shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group lowered 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 report on Monday, March 30th. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 target price on shares of Tritax Big Box REIT in a report on Monday, January 26th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a research report on Thursday. Finally, Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday.

Tritax Big Box REIT Price Performance

Shares of LON:BBOX opened at GBX 152.50 on Friday. The business has a 50-day moving average price of GBX 153.28 and a 200 day moving average price of GBX 154.70. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. The company has a market capitalization of £4.12 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.05 and a beta of 1.14. Tritax Big Box REIT has a 12-month low of GBX 132.20 and a 12-month high of GBX 174.

Tritax Big Box REIT (LON:BBOX) last posted its earnings results on Friday, February 27th. The company reported GBX 8.38 EPS for the quarter. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%. Sell-side analysts expect that Tritax Big Box REIT will post 8.9700057 EPS for the current year.

Insider Activity

In related news, insider Alastair Hughes sold 76,783 shares of the stock in a transaction dated 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.

Tritax Big Box REIT Company Profile

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.