Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Tritax Big Box REIT (LON:BBOX) Stock

Tritax Big Box REIT (LON:BBOX) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 180 to GBX 190 in a research report issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 29.69% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 230 price objective on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Shore Capital Group restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 212.80.

Tritax Big Box REIT Stock Down 2.0%

BBOX opened at GBX 146.50 on Friday. The firm has a market cap of £3.96 billion, a P/E ratio of 8.49, a PEG ratio of 2.05 and a beta of 1.65. The business’s fifty day simple moving average is GBX 163.46 and its 200 day simple moving average is GBX 152.85. Tritax Big Box REIT has a 52 week low of GBX 121.90 and a 52 week high of GBX 174.

Tritax Big Box REIT (LON:BBOX) last announced its earnings results 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%. As a group, equities analysts expect that Tritax Big Box REIT will post 8.9700057 EPS for the current fiscal year.

Insider Buying and Selling

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

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.