Tritax Big Box REIT (LON:BBOX) Given Buy Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Tritax Big Box REIT and set a GBX 196 price target, implying approximately 18.9% upside from the reported share price.
• Analyst sentiment remains favorable, with seven “buy” ratings and one “hold”; the consensus rating is “Moderate Buy” with an average target price of GBX 199.43.
• The shares opened at GBX 164.80 after a reported 4% decline, while the company recently posted quarterly earnings of GBX 4.41 per share and has a market capitalization of approximately £4.47 billion.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 196 target price on the stock. Berenberg Bank's target price would indicate a potential upside of 18.93% from the stock's current price.

Several other equities analysts have also weighed in on BBOX. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 200 price objective on shares of Tritax Big Box REIT in a research note on Monday, July 27th. Peel Hunt reaffirmed an "add" rating and set a GBX 180 price target on shares of Tritax Big Box REIT in a research report on Monday, July 27th. Shore Capital Group reiterated a "buy" rating on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a GBX 150 target price on shares of Tritax Big Box REIT in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Tritax Big Box REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 199.43.

Tritax Big Box REIT Stock Down 4.0%

Shares of BBOX opened at GBX 164.80 on Thursday. Tritax Big Box REIT has a fifty-two week low of GBX 132.20 and a fifty-two week high of GBX 175. The company's fifty day moving average is GBX 159.68 and its two-hundred day moving average is GBX 157.71. The firm has a market cap of £4.47 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. The company has a quick ratio of 0.42, a current ratio of 2.38 and a debt-to-equity ratio of 52.74.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its earnings results 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 5.78% and a net margin of 111.98%. Analysts forecast that Tritax Big Box REIT will post 8.9700057 earnings per share for the current 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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