Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOXGet Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 155.23 and traded as low as GBX 145.80. Tritax Big Box REIT shares last traded at GBX 146.01, with a volume of 26,807,207 shares traded.

Analyst Ratings Changes

BBOX has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 208 target price on shares of Tritax Big Box REIT in a research report on Wednesday, September 9th. Berenberg Bank decreased their price objective on Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Peel Hunt reiterated an “add” rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. raised their price target 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tritax Big Box REIT has a consensus rating of “Moderate Buy” and a consensus target price of GBX 198.88.

Check Out Our Latest Research Report on BBOX

Tritax Big Box REIT Stock Down 1.9%

The stock has a market capitalization of £4.27 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13. The company’s 50-day moving average is GBX 160.04 and its 200 day moving average is GBX 155.23.

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

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.

Further Reading

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