Analysts Set Tritax Big Box REIT plc (LON:BBOX) Target Price at GBX 207.33

Shares of Tritax Big Box REIT plc (LON:BBOX) have received a consensus rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 207.33.

A number of equities research analysts have weighed in on BBOX shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a report on Friday, March 20th. The Goldman Sachs Group cut their price objective on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating on the stock in a report on Monday, March 30th. Berenberg Bank restated a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a report on Monday, January 26th. Finally, Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd.

Insiders Place Their Bets

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

Tritax Big Box REIT Price Performance

Shares of BBOX opened at GBX 155.30 on Tuesday. The stock has a market cap of £4.20 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The company has a debt-to-equity ratio of 52.74, a quick ratio of 0.42 and a current ratio of 2.38. Tritax Big Box REIT has a fifty-two week low of GBX 132.20 and a fifty-two week high of GBX 174. The firm’s 50-day simple moving average is GBX 157.29 and its two-hundred day simple moving average is GBX 153.78.

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

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. Tritax Big Box targets 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 clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK.