Jefferies Financial Group Reiterates "Buy" Rating for Tritax Big Box REIT (LON:BBOX)

Key Points

• Jefferies reiterated a “Buy” rating on Tritax Big Box REIT and set a GBX 212 target price, implying roughly a 37% upside from the recent close.
• Analyst sentiment is broadly positive: seven analysts rate the stock Buy with an average price target of GBX 212.
• The stock traded at GBX 154.70 midday, with a market cap of £4.18 billion, a P/E of 10.76, and a 52‑week range of GBX 132.20–174.00.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 212 target price on the stock. Jefferies Financial Group's target price would suggest a potential upside of 37.04% from the stock's previous close.

BBOX has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a "buy" rating in a report on Friday, March 20th. Shore Capital Group restated a "buy" rating on shares of Tritax Big Box REIT in a research report on Thursday, January 22nd. The Goldman Sachs Group lowered their price target on Tritax Big Box REIT from GBX 190 to GBX 180 and set a "buy" rating on the stock in a research note on Monday, March 30th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 230 price target on shares of Tritax Big Box REIT in a research report on Monday, January 26th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Tritax Big Box REIT presently has an average rating of "Buy" and an average price target of GBX 212.

Tritax Big Box REIT Price Performance

BBOX traded down GBX 1.80 during midday trading on Friday, hitting GBX 154.70. 9,020,996 shares of the company traded hands, compared to its average volume of 42,785,898. The company has a current ratio of 2.38, a quick ratio of 0.42 and a debt-to-equity ratio of 52.74. The company has a market capitalization of £4.18 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 2.05 and a beta of 1.75. Tritax Big Box REIT has a 52-week low of GBX 132.20 and a 52-week high of GBX 174. The business has a 50 day simple moving average of GBX 156.41 and a two-hundred day simple moving average of GBX 154.15.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last released its earnings results on Friday, February 27th. The company reported GBX 8.38 EPS for the quarter. Tritax Big Box REIT had a net margin of 111.98% and a return on equity of 5.78%. On average, equities analysts forecast that Tritax Big Box REIT will post 8.9700057 earnings per share for the current fiscal year.

Insider Transactions at Tritax Big Box REIT

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of GBX 153, for a total value of £117,477.99. Corporate insiders own 0.07% of the company's stock.

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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