Berenberg Bank Reaffirms Buy Rating for Tritax EuroBox (LON:EBOX)

Tritax EuroBox (LON:EBOXGet Rating)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 130 ($1.60) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 35.77% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Barclays cut their price objective on Tritax EuroBox from GBX 145 ($1.79) to GBX 135 ($1.66) and set an “equal weight” rating on the stock in a report on Wednesday, April 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 265 ($3.27) price target on shares of Tritax EuroBox in a research note on Tuesday, February 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 130 ($1.60) price objective on shares of Tritax EuroBox in a research note on Friday, May 13th.

Shares of Tritax EuroBox stock opened at GBX 95.75 ($1.18) on Thursday. The company’s 50 day moving average price is GBX 101.86 and its two-hundred day moving average price is GBX 106.73. The firm has a market capitalization of £404.76 million and a P/E ratio of 486.73. Tritax EuroBox has a fifty-two week low of GBX 90.20 ($1.11) and a fifty-two week high of GBX 125 ($1.54). The company has a debt-to-equity ratio of 46.72, a current ratio of 15.67 and a quick ratio of 15.12.

About Tritax EuroBox (Get Rating)

Tritax EuroBox plc invest in and manage a well-diversified portfolio of large, high-quality logistics real estate assets, known as Big Boxes. It seeks to invests in properties fulfilling a key part of the logistics and distribution supply chain for occupiers including retailers, manufacturers and third-party logistics operators.

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