Tritax Big Box REIT (LON:BBOX) Earns “Add” Rating from Peel Hunt

Tritax Big Box REIT (LON:BBOX)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Monday,Digital Look reports. They presently have a GBX 180 price objective on the stock. Peel Hunt’s price target points to a potential upside of 3.99% from the company’s current price.

Several other brokerages have also issued reports on BBOX. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Stifel Nicolaus restated a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Monday. Finally, The Goldman Sachs Group dropped their price target on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 204.29.

Tritax Big Box REIT Price Performance

Shares of LON BBOX traded up GBX 3.15 during midday trading on Monday, reaching GBX 173.10. 7,748,554 shares of the company traded hands, compared to its average volume of 38,241,105. Tritax Big Box REIT has a 12 month low of GBX 132.20 and a 12 month high of GBX 174. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38. The stock’s 50-day simple moving average is GBX 156.17 and its 200-day simple moving average is GBX 156.99. The firm has a market cap of £4.70 billion, a PE ratio of 12.03, a PEG ratio of 2.05 and a beta of 1.76.

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.