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, trading as low as GBX 145.80 versus the GBX 155.23 average, with more than 26.8 million shares changing hands.
• Analysts remain broadly positive: seven rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 198.88—well above the latest price of GBX 146.01.
• The company reported quarterly EPS of GBX 4.41, along with a 76.38% net margin and 5.39% return on equity; analysts expect full-year EPS of approximately 8.97 pence.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.23 and traded as low as GBX 145.80. Tritax Big Box REIT shares last traded at GBX 146.01, with a volume of 26,807,207 shares changing hands.

Wall Street Analyst Weigh In

BBOX has been the subject of a number of analyst reports. Peel Hunt restated an "add" rating and issued a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted 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 report on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 208 target price on shares of Tritax Big Box REIT in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tritax Big Box REIT from GBX 190 to GBX 195 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Finally, Berenberg Bank dropped their price target on shares of 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. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Tritax Big Box REIT currently has a consensus rating of "Moderate Buy" and an average target price of GBX 198.88.

Tritax Big Box REIT Stock Performance

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 firm has a fifty day moving average price of GBX 160.04 and a two-hundred day moving average price of GBX 155.23. The stock has a market capitalization of £4.27 billion, a PE ratio of 13.95, a P/E/G ratio of 2.05 and a beta of 1.75.

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 earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 5.39% and a net margin of 76.38%. Research analysts expect that Tritax Big Box REIT plc will post 8.9700057 EPS for the current 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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