Tritax Big Box REIT (LON:BBOX) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Tritax Big Box REIT plc (LON:BBOX) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 153.91 and traded as high as GBX 163.90. Tritax Big Box REIT shares last traded at GBX 163.90, with a volume of 6,523,089 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on BBOX. Stifel Nicolaus reissued a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group dropped their target price on Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 200 price target on shares of Tritax Big Box REIT in a research report on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 201.43.

Tritax Big Box REIT Price Performance

The business’s 50-day simple moving average is GBX 154.19 and its 200-day simple moving average is GBX 156.42. The stock has a market cap of £4.52 billion, a PE ratio of 11.56, a PEG ratio of 2.05 and a beta of 1.76. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74.

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.