Tritax Big Box REIT (LON:BBOX) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Tritax Big Box REIT shares fell below their 200-day moving average, reaching GBX 151.80 versus a 200-day average of GBX 156.99, with 7.9 million shares traded.
• Analyst sentiment remains positive: seven analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and average price target of GBX 198.88.
• The company reported quarterly earnings of GBX 4.41 per share, with a 76.38% net margin and 5.39% return on equity; analysts expect full-year earnings of approximately GBX 8.97 per share.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 156.99 and traded as low as GBX 151.80. Tritax Big Box REIT shares last traded at GBX 151.80, with a volume of 7,924,103 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on BBOX. Berenberg Bank reissued a "buy" rating and issued a GBX 196 target price on shares of Tritax Big Box REIT in a report on Thursday, August 6th. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 150 price target on shares of Tritax Big Box REIT in a report on Thursday, May 7th. Peel Hunt reaffirmed an "add" rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a report on Monday, July 27th. Shore Capital Group reiterated a "buy" rating on shares of Tritax Big Box REIT in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 198.88.

Tritax Big Box REIT Stock Down 1.6%

The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 52.13. The company has a market capitalization of £4.12 billion, a P/E ratio of 10.55, a PEG ratio of 2.05 and a beta of 1.77. The stock has a 50 day moving average price of GBX 163.10 and a 200 day moving average price of GBX 156.99.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its quarterly earnings data 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 plc will post 8.9700057 earnings per share 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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