Tritax Big Box REIT plc (LON:BBOX – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 154.50 and traded as low as GBX 142.80. Tritax Big Box REIT shares last traded at GBX 146.50, with a volume of 5,095,032 shares traded.
Analysts Set New Price Targets
Several brokerages have weighed in on BBOX. Jefferies Financial Group restated a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 150 price objective on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Berenberg Bank restated a “buy” rating and set a GBX 230 target price on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research report on Friday, March 20th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Tritax Big Box REIT presently has an average rating of “Moderate Buy” and a consensus price target of GBX 201.43.
Check Out Our Latest Stock Analysis on BBOX
Tritax Big Box REIT Stock Performance
Tritax Big Box REIT (LON:BBOX – Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The company reported GBX 8.38 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. As a group, sell-side analysts predict that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current year.
Insider Buying and Selling at Tritax Big Box REIT
In other news, insider Alastair Hughes sold 76,783 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of GBX 153, for a total value of £117,477.99. Corporate insiders own 0.07% of the company’s stock.
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.
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