Tritax Big Box REIT (LON:BBOX) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies reiterated a “Buy” rating on Tritax Big Box REIT and set a GBX 201 price target, implying 38.62% upside from the current price.
• Analyst sentiment remains positive: seven analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and average price target of GBX 198.
• Tritax Big Box REIT shares opened at GBX 145 and were up 1.0%; the company reported quarterly EPS of GBX 4.41 and has a £4.25 billion market capitalization.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 201 price target on the stock. Jefferies Financial Group's price target suggests a potential upside of 38.62% from the company's current price.

Several other research analysts also recently weighed in on BBOX. Peel Hunt reiterated an "add" rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft upped their price target on Tritax Big Box REIT from GBX 190 to GBX 195 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. increased 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. Finally, Berenberg Bank decreased their price target on 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 198.

Tritax Big Box REIT Trading Up 1.0%

Shares of Tritax Big Box REIT stock opened at GBX 145 on Thursday. The company has a debt-to-equity ratio of 52.13, a quick ratio of 0.42 and a current ratio of 0.74. The company has a market capitalization of £4.25 billion, a P/E ratio of 13.85, a PEG ratio of 2.05 and a beta of 1.74. Tritax Big Box REIT has a 1 year low of GBX 138.50 and a 1 year high of GBX 175. The company's fifty day moving average is GBX 151.34 and its two-hundred day moving average is GBX 153.86.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported GBX 4.41 EPS for the quarter. Tritax Big Box REIT had a net margin of 76.38% and a return on equity of 5.39%. Analysts forecast that Tritax Big Box REIT will post 8.97 earnings per share for the current 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.

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