The Goldman Sachs Group Has Lowered Expectations for Tritax Big Box REIT (LON:BBOX) Stock Price

Key Points

• Goldman Sachs lowered its price target for Tritax Big Box REIT from GBX 190 to GBX 180 while retaining a "buy" rating, a level implying roughly a 26.5% upside from the current share price.
• Analyst sentiment remains broadly bullish—seven analysts rate the stock "Buy" and the consensus target is GBX 207.33, well above current trading levels.
• The stock traded at GBX 142.30 on Monday (market cap ~£3.85bn, P/E 8.25), and insider Alastair Hughes sold 76,783 shares in March.

Tritax Big Box REIT (LON:BBOX - Get Free Report) had its price objective reduced by stock analysts at The Goldman Sachs Group from GBX 190 to GBX 180 in a report issued on Monday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 26.49% from the stock's current price.

BBOX has been the topic of several other reports. Berenberg Bank reissued a "buy" rating and set a GBX 230 target price on shares of Tritax Big Box REIT in a research note on Monday, January 26th. Shore Capital Group reiterated a "buy" rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a "buy" rating in a research report on Friday, March 20th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 207.33.

Tritax Big Box REIT Stock Up 0.7%

Shares of LON BBOX traded up GBX 1 during trading on Monday, reaching GBX 142.30. The company had a trading volume of 24,292,301 shares, compared to its average volume of 31,868,000. The company's fifty day moving average price is GBX 161.81 and its 200-day moving average price is GBX 153.25. Tritax Big Box REIT has a 12 month low of GBX 121.90 and a 12 month high of GBX 174. The stock has a market cap of £3.85 billion, a P/E ratio of 8.25, a PEG ratio of 2.05 and a beta of 1.65.

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

Insider Transactions at Tritax Big Box REIT

In other Tritax Big Box REIT news, insider Alastair Hughes sold 76,783 shares of the business's stock in a transaction on Monday, March 9th. The shares were sold at an average price of GBX 153, for a total transaction of £117,477.99. 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. BBOX is committed to delivering 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 tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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