Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tritax Big Box REIT plc (LON:BBOX) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 156.99 and traded as low as GBX 151.80. Tritax Big Box REIT shares last traded at GBX 151.80, with a volume of 7,924,103 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BBOX shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. increased their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Stifel Nicolaus restated a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Peel Hunt reiterated an “add” rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 198.88.

Tritax Big Box REIT Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13. The company has a market capitalization of £4.19 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The stock’s 50-day moving average is GBX 162.95 and its two-hundred day moving average is GBX 156.88.

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