Brokerages Set Tritax Big Box REIT plc (LON:BBOX) Price Target at GBX 212.80

Shares of Tritax Big Box REIT plc (LON:BBOX) have earned an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 212.80.

Several research analysts recently weighed in on BBOX shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday. Berenberg Bank reiterated a “buy” rating and set a GBX 230 price objective on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd.

Tritax Big Box REIT Stock Performance

Shares of LON:BBOX opened at GBX 146.50 on Friday. Tritax Big Box REIT has a one year low of GBX 121.90 and a one year high of GBX 174. The business’s fifty day moving average price is GBX 163.46 and its two-hundred day moving average price is GBX 152.98. The stock has a market cap of £3.96 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65.

Tritax Big Box REIT (LON:BBOX) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 8.38 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 5.78% and a net margin of 111.98%. As a group, equities research analysts predict that Tritax Big Box REIT will post 8.9700057 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Company insiders own 0.07% of the company’s stock.

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.