Tritax Big Box REIT (LON:BBOX) Given New GBX 180 Price Target at The Goldman Sachs Group

Tritax Big Box REIT (LON:BBOX) had its price target lowered by The Goldman Sachs Group from GBX 190 to GBX 180 in a research note released on Monday,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft lifted their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Buy” and a consensus target price of GBX 207.33.

Tritax Big Box REIT Stock Performance

Shares of BBOX stock opened at GBX 142.30 on Monday. Tritax Big Box REIT has a fifty-two week low of GBX 121.90 and a fifty-two week high of GBX 174. The firm has a market capitalization of £3.85 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.05 and a beta of 1.65. The stock’s 50-day simple moving average is GBX 161.37 and its 200-day simple moving average is GBX 153.30.

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

Insider Transactions at Tritax Big Box REIT

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of GBX 153, for a total value of £117,477.99. 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.