Tritax Big Box REIT (LON:BBOX) Given New GBX 188 Price Target at Berenberg Bank

Tritax Big Box REIT (LON:BBOX) had its target price decreased by investment analysts at Berenberg Bank from GBX 196 to GBX 188 in a research note issued to investors on Tuesday, London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 23.85% from the stock’s current price.

Several other research firms have also commented on BBOX. JPMorgan Chase & Co. lifted 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 research report on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Peel Hunt reissued an “add” rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a “buy” rating in a research report on Wednesday, August 26th. 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, Tritax Big Box REIT currently has an average rating of “Moderate Buy” and a consensus price target of GBX 197.88.

Tritax Big Box REIT Price Performance

Tritax Big Box REIT stock opened at GBX 151.79 on Tuesday. 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 has a 50-day moving average price of GBX 162.57 and a 200 day moving average price of GBX 156.62. Tritax Big Box REIT has a 12-month low of GBX 134.30 and a 12-month high of GBX 175. The stock has a market cap of £4.44 billion, a P/E ratio of 14.50, a PEG ratio of 2.05 and a beta of 1.75.

Tritax Big Box REIT (LON:BBOX) last posted 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%. Sell-side analysts anticipate that Tritax Big Box REIT will post 8.9700057 earnings per share for the current year.

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.