Berenberg Bank Cuts Tritax Big Box REIT (LON:BBOX) Price Target to GBX 188

Tritax Big Box REIT (LON:BBOX – Free Report) had its price target cut by Berenberg Bank from GBX 196 to GBX 188 in a research note published on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

BBOX has been the subject of a number of other research reports. Peel Hunt reissued an “add” rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a report on Monday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a report on Wednesday, August 26th. 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.com, Tritax Big Box REIT has a consensus rating of “Moderate Buy” and a consensus target price of GBX 198.88.

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Tritax Big Box REIT Stock Down 0.6%

Shares of LON:BBOX opened at GBX 148.25 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The business has a fifty day moving average of GBX 161.88 and a two-hundred day moving average of GBX 156.17. The stock has a market cap of £4.34 billion, a P/E ratio of 14.16, a PEG ratio of 2.05 and a beta of 1.75. Tritax Big Box REIT has a 52-week low of GBX 134.30 and a 52-week high of GBX 175.

Tritax Big Box REIT (LON:BBOX – Get Free Report) last posted its quarterly earnings results 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, research analysts expect 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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