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

Tritax Big Box REIT plc (LON:BBOX)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 149.25 and traded as high as GBX 154.80. Tritax Big Box REIT shares last traded at GBX 154, with a volume of 4,487,951 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Tritax Big Box REIT in a research report on Wednesday, September 10th. Shore Capital reiterated a “buy” rating and issued a GBX 300 price target on shares of Tritax Big Box REIT in a research report on Thursday, October 23rd. Finally, Peel Hunt restated an “add” rating and set a GBX 160 price objective on shares of Tritax Big Box REIT in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 214.67.

Tritax Big Box REIT Price Performance

The company has a market capitalization of £4.20 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The company’s 50 day simple moving average is GBX 149.25 and its 200-day simple moving average is GBX 145.19.

Tritax Big Box REIT Company Profile

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. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.