Tritax Big Box REIT (LON:BBOX)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a research note issued on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 195 ($2.55) price objective on the stock. Royal Bank of Canada’s price target suggests a potential upside of 26.46% from the stock’s previous close.
Several other research firms have also issued reports on BBOX. Numis Securities restated a “hold” rating and set a GBX 149 ($1.95) price target on shares of Tritax Big Box REIT in a research report on Wednesday, March 6th. Barclays upped their price target on shares of Tritax Big Box REIT from GBX 150 ($1.96) to GBX 155 ($2.03) and gave the company an “equal weight” rating in a research report on Tuesday, June 4th. Finally, Liberum Capital restated a “hold” rating on shares of Tritax Big Box REIT in a research report on Tuesday, March 12th.
LON BBOX opened at GBX 154.20 ($2.01) on Monday. The company’s 50-day simple moving average is GBX 143.45. Tritax Big Box REIT has a 12-month low of GBX 1.49 ($0.02) and a 12-month high of GBX 157.60 ($2.06).
Tritax Big Box REIT Company Profile
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.
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