Tritax Big Box REIT’s (BBOX) “Equal Weight” Rating Reaffirmed at Barclays

Tritax Big Box REIT (LON:BBOXGet Rating)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a research note issued to investors on Monday, Marketbeat reports. They currently have a GBX 260 ($3.27) price objective on the stock. Barclays‘s price target indicates a potential upside of 27.07% from the company’s previous close.

Several other analysts also recently issued reports on BBOX. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 ($3.46) price target on shares of Tritax Big Box REIT in a report on Thursday, May 5th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 265 ($3.33) target price on shares of Tritax Big Box REIT in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tritax Big Box REIT in a research report on Monday, March 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from, Tritax Big Box REIT presently has a consensus rating of “Buy” and a consensus price target of GBX 253.86 ($3.19).

Shares of LON BBOX opened at GBX 204.61 ($2.57) on Monday. 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 company’s 50-day moving average price is GBX 232.14 and its 200 day moving average price is GBX 234.38. Tritax Big Box REIT has a 52 week low of GBX 193 ($2.43) and a 52 week high of GBX 288 ($3.62). The stock has a market cap of £3.82 billion and a price-to-earnings ratio of 3.68.

In other Tritax Big Box REIT news, insider Aubrey Adams acquired 20,000 shares of the stock in a transaction dated Thursday, May 5th. The stock was acquired at an average price of GBX 218 ($2.74) per share, with a total value of £43,600 ($54,863.47).

Tritax Big Box REIT Company Profile (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 developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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

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