Tritax Big Box REIT plc (LON:BBOX) Receives GBX 198.25 Average Target Price from Brokerages

Tritax Big Box REIT plc (LON:BBOX) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 198.25.

A number of analysts have weighed in on BBOX shares. Berenberg Bank restated a “buy” rating and set a GBX 196 price objective on shares of Tritax Big Box REIT in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a report on Monday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, Peel Hunt restated an “add” rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a report on Monday, July 27th.

Tritax Big Box REIT Price Performance

Shares of LON:BBOX opened at GBX 158.40 on Monday. Tritax Big Box REIT has a 1-year low of GBX 132.20 and a 1-year high of GBX 175. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42. The business has a fifty day moving average price of GBX 162.53 and a 200-day moving average price of GBX 157.44. The company has a market capitalization of £4.30 billion, a PE ratio of 11.01, a PEG ratio of 2.05 and a beta of 1.77.

Tritax Big Box REIT (LON:BBOX) last announced 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 net margin of 76.38% and a return on equity of 5.39%. As a group, equities analysts expect that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal 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.