Tritax Big Box REIT (LON:BBOX) Reaches New 52-Week High – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 166.60 and last traded at GBX 166.30, with a volume of 1086677 shares trading hands. The stock had previously closed at GBX 165.

Analyst Upgrades and Downgrades

BBOX has been the subject of several analyst reports. Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, January 22nd. Peel Hunt restated an “add” rating and set a GBX 160 target price on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Jefferies Financial Group lifted their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 230 price target on shares of Tritax Big Box REIT in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 218.50.

Tritax Big Box REIT Price Performance

The stock has a market capitalization of £4.49 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The stock has a fifty day moving average of GBX 154.21 and a 200-day moving average of GBX 147.60.

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. BBOX is committed to delivering 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 tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.