Tritax Big Box REIT (LON:BBOX) Earns Buy Rating from Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 201 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 38.72% from the company’s previous close.

BBOX has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. 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. Deutsche Bank Aktiengesellschaft raised their price objective on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Finally, Berenberg Bank cut their price objective on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Moderate Buy” and an average target price of GBX 198.

Tritax Big Box REIT Stock Up 0.9%

Shares of BBOX stock traded up GBX 1.30 during trading hours on Thursday, hitting GBX 144.90. 5,439,768 shares of the company’s stock traded hands, compared to its average volume of 31,885,887. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The stock has a market cap of £4.24 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.05 and a beta of 1.74. Tritax Big Box REIT has a 12-month low of GBX 138.50 and a 12-month high of GBX 175. The stock’s fifty day simple moving average is GBX 151.34 and its two-hundred day simple moving average is GBX 153.86.

Tritax Big Box REIT (LON:BBOX) last issued 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, analysts expect that Tritax Big Box REIT will post 8.97 EPS for the current year.

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.