Tritax Big Box REIT (LON:BBOX) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 152.55 and traded as high as GBX 162.10. Tritax Big Box REIT shares last traded at GBX 158.40, with a volume of 455,191,313 shares traded.

Analyst Ratings Changes

BBOX has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Tritax Big Box REIT in a research report on Wednesday, June 17th. Shore Capital Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. The Goldman Sachs Group decreased their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 180 and set a “buy” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus restated a “hold” rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a “buy” rating in a research note on Friday, March 20th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 201.43.

Tritax Big Box REIT Trading Up 1.3%

The firm has a market capitalization of £4.36 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. The company has a fifty day moving average price of GBX 152.55 and a 200-day moving average price of GBX 155.78. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74.

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. 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.