Tritax Big Box REIT (LON:BBOX) Receives “Buy” Rating from Shore Capital

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat reports.

Other research analysts have also issued reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 160 price objective on shares of Tritax Big Box REIT in a report on Monday, October 13th. Jefferies Financial Group boosted their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 214.67.

Tritax Big Box REIT Stock Performance

Shares of BBOX stock opened at GBX 160.60 on Thursday. The stock has a fifty day moving average of GBX 151.12 and a 200 day moving average of GBX 146.24. Tritax Big Box REIT has a 52 week low of GBX 121.90 and a 52 week high of GBX 165.80. The firm has a market capitalization of £4.34 billion, a price-to-earnings ratio of 9.31, a PEG 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.

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.