Tritax Big Box REIT (LON:BBOX) Price Target Raised to GBX 190

Tritax Big Box REIT (LON:BBOXFree Report) had its price objective upped by JPMorgan Chase & Co. from GBX 180 to GBX 190 in a research note released on Wednesday morning,Digital Look reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Peel Hunt restated an “add” rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price objective on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 196 price objective on shares of Tritax Big Box REIT in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 198.25.

Check Out Our Latest Research Report on Tritax Big Box REIT

Tritax Big Box REIT Stock Down 0.0%

Shares of LON BBOX opened at GBX 160.65 on Wednesday. The company has a market capitalization of £4.36 billion, a P/E ratio of 11.16, a P/E/G ratio of 2.05 and a beta of 1.77. 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 company has a 50 day simple moving average of GBX 161.67 and a 200-day simple moving average of GBX 157.73. Tritax Big Box REIT has a 1 year low of GBX 132.20 and a 1 year high of GBX 175.

Tritax Big Box REIT (LON:BBOXGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported GBX 4.41 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, equities research analysts predict that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

About Tritax Big Box REIT

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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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