Tritax Big Box REIT's (BBOX) Buy Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reiterated its “buy” rating on Tritax Big Box REIT and maintained a GBX 208 price target, implying 37.2% upside from the previous close.
• Analyst sentiment remains broadly positive: seven analysts rate the stock a Buy and one rates it Hold, with a consensus target of GBX 198.88.
• BBOX shares opened at GBX 151.60, while the company recently reported quarterly earnings of GBX 4.41 per share and a 76.38% net margin.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating reiterated by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 208 target price on the stock. Jefferies Financial Group's price target points to a potential upside of 37.20% from the stock's previous close.

BBOX has been the topic of a number of other research reports. Berenberg Bank dropped their price target on Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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. Peel Hunt reiterated an "add" rating and set a GBX 180 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Tritax Big Box REIT has an average rating of "Moderate Buy" and a consensus price target of GBX 198.88.

Tritax Big Box REIT Price Performance

Tritax Big Box REIT stock opened at GBX 151.60 on Wednesday. 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 stock has a market cap of £4.44 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The firm has a 50-day moving average of GBX 162.39 and a two-hundred day moving average of GBX 156.49. 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 posted 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 76.38% and a return on equity of 5.39%. On average, research analysts forecast that Tritax Big Box REIT will post 8.9700057 earnings per share 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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