Tritax Big Box REIT (LON:BBOX – Get Rating) was downgraded by equities researchers at Barclays to an “underweight” rating in a research report issued on Friday, MarketBeat.com reports. They currently have a GBX 155 ($1.87) price objective on the stock, down from their prior price objective of GBX 200 ($2.42). Barclays‘s price objective suggests a potential upside of 9.62% from the company’s previous close.
A number of other analysts have also recently commented on the stock. Berenberg Bank cut shares of Tritax Big Box REIT to a “hold” rating and dropped their target price for the company from GBX 275 ($3.32) to GBX 190 ($2.30) in a report on Wednesday, August 31st. Shore Capital restated a “sell” rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Tritax Big Box REIT presently has an average rating of “Hold” and a consensus target price of GBX 231.40 ($2.80).
Tritax Big Box REIT Stock Down 4.5 %
Shares of Tritax Big Box REIT stock opened at GBX 141.40 ($1.71) on Friday. The company has a current ratio of 0.48, a quick ratio of 0.42 and a debt-to-equity ratio of 32.49. The company’s fifty day simple moving average is GBX 178.78 and its two-hundred day simple moving average is GBX 202.81. The company has a market cap of £2.64 billion and a P/E ratio of 245.34. Tritax Big Box REIT has a 12-month low of GBX 141.40 ($1.71) and a 12-month high of GBX 288 ($3.48).
About Tritax Big Box REIT
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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