Tritax Big Box REIT (LON:BBOX) Earns Buy Rating from Berenberg Bank

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a note issued to investors on Monday, Marketbeat reports. They currently have a GBX 230 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.30% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upped their target price on Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 160 target price on shares of Tritax Big Box REIT in a report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 218.50.

Tritax Big Box REIT Stock Performance

BBOX opened at GBX 163.94 on Monday. The company has a market cap of £4.43 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The stock has a 50-day moving average of GBX 152.25 and a 200-day moving average of GBX 146.83. Tritax Big Box REIT has a 52-week low of GBX 121.90 and a 52-week high of GBX 165.80. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

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.