Tritax Big Box REIT (LON:BBOX) Price Target Raised to GBX 195

Tritax Big Box REIT (LON:BBOX) had its price objective raised by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 190 to GBX 195 in a report released on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 21.34% from the stock’s previous close.

BBOX has been the topic of several other research reports. Peel Hunt restated an “add” rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Berenberg Bank reiterated a “buy” rating and set a GBX 196 price objective on shares of Tritax Big Box REIT in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 198.88.

Tritax Big Box REIT Trading Up 0.2%

LON:BBOX opened at GBX 160.70 on Wednesday. Tritax Big Box REIT has a one year low of GBX 132.20 and a one year high of GBX 175. 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’s 50-day simple moving average is GBX 162.77 and its 200 day simple moving average is GBX 157.35. The firm has a market capitalization of £4.36 billion, a P/E ratio of 11.17, a PEG ratio of 2.05 and a beta of 1.77.

Tritax Big Box REIT (LON:BBOX) last announced its quarterly earnings data 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 forecast that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal year.

About Tritax Big Box REIT

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.