Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.29 and traded as low as GBX 149. Tritax Big Box REIT shares last traded at GBX 150.90, with a volume of 14,119,519 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a report on Monday, March 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a report on Thursday, June 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 150 target price on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 201.43.

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Tritax Big Box REIT Price Performance

The company has a debt-to-equity ratio of 52.74, a current ratio of 2.38 and a quick ratio of 0.42. The stock’s fifty day moving average is GBX 150.06 and its 200-day moving average is GBX 154.29. The stock has a market cap of £4.10 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76.

About Tritax Big Box REIT

(Get Free Report)

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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