Tritax Big Box REIT (LON:BBOX) Reaches New 1-Year High - Should You Buy?

Key Points

• Tritax Big Box REIT plc reached a new 52-week high with shares trading at GBX 154.20 ($2.06), indicating strong market interest.
• Multiple brokerages have rated the stock positively, with Jefferies Financial Group setting a target price of GBX 173, contributing to a consensus "Buy" rating.
• The company's financial metrics show a market cap of £3.83 billion and a recent earnings report indicating GBX 4.63 earnings per share, reflecting strong profitability.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 154.20 ($2.06) and last traded at GBX 154.20 ($2.06), with a volume of 9811848 shares changing hands. The stock had previously closed at GBX 148.60 ($1.99).

Wall Street Analyst Weigh In

A number of brokerages recently commented on BBOX. Jefferies Financial Group restated a "buy" rating and set a GBX 173 target price on shares of Tritax Big Box REIT in a report on Thursday, September 11th. Shore Capital reiterated a "buy" rating on shares of Tritax Big Box REIT in a research note on Friday, August 22nd. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Tritax Big Box REIT in a research note on Wednesday, September 10th. Finally, Peel Hunt reiterated an "add" rating and issued a GBX 160 price objective on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 166.50.

Tritax Big Box REIT Stock Performance

The firm has a 50 day moving average of GBX 141.23 and a two-hundred day moving average of GBX 142.05. The stock has a market cap of £3.83 billion, a PE ratio of 8.94, a PEG ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported GBX 4.63 earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 4.04% and a net margin of 60.46%. Research analysts predict that Tritax Big Box REIT plc will post 8.9700057 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.