Tritax Big Box REIT (LON:BBOX) Reaches New 52-Week High – Still a Buy?

Tritax Big Box REIT plc (LON:BBOX) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 173.70 and last traded at GBX 170.40, with a volume of 6063929 shares trading hands. The stock had previously closed at GBX 170.64.

Wall Street Analyst Weigh In

Several analysts have commented on BBOX shares. Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Jefferies Financial Group upped their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 184 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 230 target price on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Buy” and a consensus target price of GBX 218.50.

Tritax Big Box REIT Trading Down 0.1%

The company’s fifty day moving average is GBX 157.42 and its 200-day moving average is GBX 149.07. 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 firm has a market capitalization of £4.60 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.05 and a beta of 0.89.

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.