Tritax Big Box REIT plc (LON:BBOX) Stock Has Consensus Target Price of GBX 183.43

Key Points

• Analysts maintain a bullish outlook: Tritax Big Box REIT has a consensus “Moderate Buy” rating from eight analysts, with seven buys and one hold. The average 12-month price target is GBX 183.43, versus an opening price of GBX 145.40.
• Recent targets range from GBX 180 to GBX 201, with Jefferies reiterating a buy rating at GBX 201 and Deutsche Bank raising its target to GBX 195.
• The company has a £4.26 billion market capitalization and focuses on UK logistics warehouses and development land. Its latest quarterly earnings were GBX 4.41 per share, while analysts expect full-year earnings of GBX 8.97 per share.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 183.43.

A number of equities research analysts have weighed in on BBOX shares. Jefferies Financial Group restated a "buy" rating and set a GBX 201 price objective on shares of Tritax Big Box REIT in a research note on Thursday, October 15th. Peel Hunt reaffirmed an "add" rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Berenberg Bank reduced their target price on Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft raised their price target 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 price target on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th.

Tritax Big Box REIT Stock Performance

Shares of BBOX stock opened at GBX 145.40 on Friday. 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 company's fifty day moving average price is GBX 147.45 and its two-hundred day moving average price is GBX 155.37. The firm has a market capitalization of £4.26 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.05 and a beta of 1.74. Tritax Big Box REIT has a 12 month low of GBX 138.50 and a 12 month high of GBX 175.

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

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