Tritax Big Box REIT’s (BBOX) Outperform Rating Reiterated at Royal Bank of Canada

Tritax Big Box REIT (LON:BBOXGet Rating)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 275 ($3.58) price target on the stock. Royal Bank of Canada’s price target suggests a potential upside of 11.97% from the company’s current price.

A number of other brokerages also recently commented on BBOX. Barclays restated an “equal weight” rating and set a GBX 260 ($3.39) price objective on shares of Tritax Big Box REIT in a research note on Tuesday, April 5th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Tritax Big Box REIT in a research report on Monday, March 14th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 275 ($3.58) price objective on shares of Tritax Big Box REIT in a research report on Wednesday, March 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 255.29 ($3.33).

LON:BBOX opened at GBX 245.60 ($3.20) on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 33.00. The stock has a 50 day moving average of GBX 236.08 and a 200-day moving average of GBX 233.61. The firm has a market capitalization of £4.59 billion and a PE ratio of 4.44. Tritax Big Box REIT has a 52 week low of GBX 185.30 ($2.41) and a 52 week high of GBX 288 ($3.75).

About Tritax Big Box REIT (Get Rating)

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq.

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Analyst Recommendations for Tritax Big Box REIT (LON:BBOX)

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