Tritax Big Box REIT (LON:BBOX) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Tritax Big Box REIT (LON:BBOX) in a research report released on Thursday, MarketBeat.com reports.

Several other brokerages have also issued reports on BBOX. Peel Hunt reissued an “add” rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a report on Monday, October 13th. Jefferies Financial Group lifted their target price on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 214.67.

Tritax Big Box REIT Stock Up 0.4%

Shares of LON:BBOX opened at GBX 161.39 on Thursday. The company has a 50 day moving average price of GBX 151.31 and a two-hundred day moving average price of GBX 146.34. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The company has a market capitalization of £4.36 billion, a PE ratio of 9.36, a PEG ratio of 2.05 and a beta of 0.89. Tritax Big Box REIT has a 52 week low of GBX 121.90 and a 52 week high of GBX 165.80.

About Tritax Big Box REIT

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.