Tritax Big Box REIT (LON:BBOX) Given New GBX 190 Price Target at JPMorgan Chase & Co.

Tritax Big Box REIT (LON:BBOX) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 180 to GBX 190 in a report released on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.64% from the company’s current price.

Other research analysts have also issued reports about the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 196 price objective on shares of Tritax Big Box REIT in a report on Thursday, August 6th. Stifel Nicolaus restated a “hold” rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Peel Hunt reaffirmed an “add” rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tritax Big Box REIT currently has an average rating of “Moderate Buy” and an average price target of GBX 198.25.

Tritax Big Box REIT Stock Performance

Tritax Big Box REIT stock opened at GBX 162.90 on Wednesday. The firm has a market capitalization of £4.42 billion, a P/E ratio of 11.32, a PEG ratio of 2.05 and a beta of 1.77. The stock has a fifty day moving average price of GBX 160.80 and a 200 day moving average price of GBX 157.73. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 175. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13.

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

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.