Tritax Big Box REIT (LON:BBOX) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 153.84 and traded as low as GBX 142.10. Tritax Big Box REIT shares last traded at GBX 143.10, with a volume of 7,033,307 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BBOX shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 201 price target on shares of Tritax Big Box REIT in a research note on Thursday, October 15th. 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. Berenberg Bank decreased their target price on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a “buy” rating for the company in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 183.43.

Tritax Big Box REIT Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The stock’s 50 day moving average price is GBX 148.58 and its two-hundred day moving average price is GBX 153.76. The firm has a market capitalization of £4.18 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 2.05 and a beta of 1.74.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings data on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. Analysts anticipate that Tritax Big Box REIT plc will post 8.97 EPS 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.