Tritax Big Box REIT (LON:BBOX) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies restated a "Buy" rating on Tritax Big Box REIT with a GBX 200 target price—implying roughly a 29.53% upside—and the analyst consensus (seven analysts) is a Buy with an average target of GBX 210.
• The stock is trading near GBX 154.40, the company has a market cap of £4.17 billion and a P/E of 10.73, and it reported quarterly EPS of GBX 8.38 with analysts forecasting about 8.97 EPS for the year.
• Insider Alastair Hughes sold 76,783 shares at GBX 153 (≈£117,478) on March 9, and insiders collectively own only 0.07% of the company.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating restated by analysts at Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 200 target price on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 29.53% from the company's previous close.

Several other research analysts also recently commented on the company. The Goldman Sachs Group reduced their price objective on Tritax Big Box REIT from GBX 190 to GBX 180 and set a "buy" rating on the stock in a report on Monday, March 30th. Shore Capital Group restated a "buy" rating on shares of Tritax Big Box REIT in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Tritax Big Box REIT from GBX 180 to GBX 190 and gave the stock a "buy" rating in a report on Friday, March 20th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 230 price objective on shares of Tritax Big Box REIT in a report on Monday, January 26th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 210.

Tritax Big Box REIT Trading Up 0.8%

BBOX opened at GBX 154.40 on Thursday. The stock's fifty day moving average is GBX 153.67 and its two-hundred day moving average is GBX 154.64. The company has a market capitalization of £4.17 billion, a P/E ratio of 10.73, a PEG ratio of 2.05 and a beta of 1.14. Tritax Big Box REIT has a 52 week low of GBX 132.20 and a 52 week high of GBX 174. 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 released its quarterly earnings data on Friday, February 27th. The company reported GBX 8.38 EPS 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.

Insiders Place Their Bets

In related news, insider Alastair Hughes sold 76,783 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of GBX 153, for a total transaction of £117,477.99. 0.07% of the stock is currently owned by company insiders.

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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