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 142.10 versus the average of GBX 153.84, with 7.03 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 183.43.
• The company reported quarterly EPS of GBX 4.41 and has a £4.19 billion market capitalization, though liquidity metrics are weak, with a quick ratio of 0.42 and current ratio of 0.74.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 153.84 and traded as low as GBX 142.10. Tritax Big Box REIT shares last traded at GBX 143.10, with a volume of 7,033,307 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BBOX. Deutsche Bank Aktiengesellschaft raised their price target on 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. Jefferies Financial Group restated a "buy" rating and set a GBX 201 target price on shares of Tritax Big Box REIT in a research note on Thursday, October 15th. JPMorgan Chase & Co. raised their price objective on 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. Peel Hunt reissued an "add" rating and issued a GBX 180 target price on shares of Tritax Big Box REIT in a report on Monday, July 27th. Finally, Berenberg Bank lowered their price objective on shares of Tritax Big Box REIT from GBX 196 to GBX 188 and set a "buy" rating for the company in a research report on Tuesday, September 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 183.43.

Tritax Big Box REIT Stock Down 0.1%

The stock's 50-day simple moving average is GBX 148.94 and its 200 day simple moving average is GBX 153.84. The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 52.13. The firm has a market cap of £4.19 billion, a P/E ratio of 13.66, a PEG ratio of 2.05 and a beta of 1.74.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last released its 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, research analysts forecast that Tritax Big Box REIT plc will post 8.97 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.