Tritax Big Box REIT (LON:BBOX) Earns “Buy” Rating from Berenberg Bank

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 196 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 17.86% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Shore Capital Group reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Peel Hunt reaffirmed an “add” rating and set a GBX 180 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 200 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 199.43.

Tritax Big Box REIT Stock Up 1.1%

BBOX opened at GBX 166.30 on Thursday. Tritax Big Box REIT has a twelve month low of GBX 132.20 and a twelve month high of GBX 175. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74. The company has a 50-day moving average price of GBX 160.25 and a 200 day moving average price of GBX 157.77. The company has a market cap of £4.51 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76.

Tritax Big Box REIT (LON:BBOX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 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%. Sell-side analysts expect that Tritax Big Box REIT will post 8.9700057 earnings per share for the current fiscal year.

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.