Berenberg Bank Lowers Tritax Big Box REIT (LON:BBOX) Price Target to GBX 188

Key Points

• Berenberg Bank lowered Tritax Big Box REIT’s price target from GBX 196 to GBX 188 but maintained a “buy” rating, implying 23.85% upside from the previous close.
• Analyst sentiment remains positive: seven analysts rate the stock “Buy” and one rates it “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 197.88.
• Tritax Big Box REIT opened at GBX 151.79, with a £4.44 billion market capitalization, while its latest quarterly results showed EPS of GBX 4.41 and a 76.38% net margin.

Tritax Big Box REIT (LON:BBOX - Get Free Report) had its price target reduced by equities research analysts at Berenberg Bank from GBX 196 to GBX 188 in a research note issued on Tuesday, London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 23.85% from the stock's previous close.

A number of other equities analysts have also recently weighed in on BBOX. JPMorgan Chase & Co. upped their price target on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Finally, Peel Hunt reaffirmed an "add" rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Tritax Big Box REIT presently has an average rating of "Moderate Buy" and an average price target of GBX 197.88.

Tritax Big Box REIT Price Performance

LON:BBOX opened at GBX 151.79 on Tuesday. The company has a debt-to-equity ratio of 52.13, a current ratio of 0.74 and a quick ratio of 0.42. The firm has a market cap of £4.44 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The company has a 50 day moving average price of GBX 162.57 and a 200-day moving average price of GBX 156.62. Tritax Big Box REIT has a 1-year low of GBX 134.30 and a 1-year high of GBX 175.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 4.41 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. Equities research analysts forecast that Tritax Big Box REIT will post 8.9700057 EPS for the current 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.

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