Tritax Big Box REIT (LON:BBOX) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Tritax Big Box REIT's shares crossed above their 50-day moving average, reaching a trading price of GBX 147.11 ($1.98) with a high of GBX 147.40 ($1.99).
• Wall Street analysts remain optimistic, with a consensus rating of "Buy" and an average price target of GBX 173 among three analysts.
• The company's market capitalization is £3.62 billion, with a notable net margin of 60.46% and a projected EPS of 8.97 for the current year.

Shares of Tritax Big Box REIT plc (LON:BBOX - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 140.42 ($1.89) and traded as high as GBX 147.40 ($1.99). Tritax Big Box REIT shares last traded at GBX 147.11 ($1.98), with a volume of 3,479,826 shares changing hands.

Wall Street Analysts Forecast Growth

BBOX has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Tritax Big Box REIT in a research report on Wednesday, September 10th. Jefferies Financial Group restated a "buy" rating and set a GBX 173 price target on shares of Tritax Big Box REIT in a research note on Thursday, September 11th. Finally, Shore Capital reiterated a "buy" rating on shares of Tritax Big Box REIT in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 173.

Tritax Big Box REIT Stock Down 0.8%

The firm has a market cap of £3.62 billion, a price-to-earnings ratio of 845.68, a PEG ratio of 2.05 and a beta of 0.89. The business's 50-day moving average is GBX 140.42 and its 200-day moving average is GBX 141.66. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

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

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. 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.

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