Tritax Big Box REIT (LON:BBOX) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 149.35 and traded as high as GBX 152. Tritax Big Box REIT shares last traded at GBX 151.40, with a volume of 2,016,417 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on BBOX. JPMorgan Chase & Co. restated an “overweight” rating on shares of Tritax Big Box REIT in a research note on Wednesday, September 10th. Shore Capital reissued a “buy” rating and set a GBX 300 target price on shares of Tritax Big Box REIT in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price target on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 214.67.

Tritax Big Box REIT Trading Down 0.1%

The stock has a market cap of £4.09 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.05 and a beta of 0.89. The business’s 50 day moving average is GBX 149.35 and its 200 day moving average is GBX 145.01. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42.

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. 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.