Tritax Big Box REIT plc (LON:BBOX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Tritax Big Box REIT, with seven buy ratings and one hold among eight analysts. The average 12-month price target is GBX 198.88, above the reported opening price of GBX 142.60.
• Recent broker actions were generally positive: JPMorgan, Deutsche Bank and Jefferies set or raised targets between GBX 190 and GBX 208, while Berenberg trimmed its target to GBX 188 but retained a buy rating.
• The company reported quarterly earnings of GBX 4.41 per share, alongside a 76.38% net margin and 5.39% return on equity. Tritax Big Box focuses on UK logistics warehouses and development land leased primarily to institutional-grade tenants.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 198.88.

BBOX has been the subject of several recent analyst reports. 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 note on Wednesday, August 12th. Berenberg Bank dropped their price target on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating on the stock in a research report on Tuesday, September 8th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 208 price target on shares of Tritax Big Box REIT in a research note on Wednesday, September 9th. Peel Hunt reissued an "add" rating and issued a GBX 180 price objective on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft boosted 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.

Tritax Big Box REIT Price Performance

LON:BBOX opened at GBX 142.60 on Tuesday. Tritax Big Box REIT has a 52-week low of GBX 139.80 and a 52-week high of GBX 175. The company has a market cap of £4.18 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.05 and a beta of 1.75. 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 stock's 50-day simple moving average is GBX 155.49 and its 200 day simple moving average is GBX 154.13.

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