Tritax Big Box REIT (LON:BBOX) Stock Passes Above 50 Day Moving Average – What’s Next?

Tritax Big Box REIT plc (LON:BBOX) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 143.42 and traded as high as GBX 155. Tritax Big Box REIT shares last traded at GBX 151.50, with a volume of 2,872,446 shares trading hands.

Analyst Upgrades and Downgrades

BBOX has been the subject of a number of recent analyst reports. Peel Hunt restated an “add” rating and set a GBX 160 price objective on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Shore Capital reiterated a “buy” rating and issued a GBX 300 target price on shares of Tritax Big Box REIT in a research report on Thursday, October 23rd. Jefferies Financial Group lifted their target price on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tritax Big Box REIT in a research report on Wednesday, September 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tritax Big Box REIT has an average rating of “Buy” and a consensus target price of GBX 214.67.

Tritax Big Box REIT Trading Down 0.3%

The company has a market cap of £3.75 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The firm has a 50-day moving average price of GBX 143.42 and a 200 day moving average price of GBX 143.34. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99.

Tritax Big Box REIT (LON:BBOX) last issued its earnings results on Wednesday, August 6th. The company reported GBX 4.63 EPS for the quarter. Tritax Big Box REIT had a return on equity of 4.04% and a net margin of 60.46%. As a group, sell-side analysts forecast that Tritax Big Box REIT plc will post 8.9700057 EPS for the current 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. 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.