Tritax Big Box REIT (LON:BBOX) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Tritax Big Box REIT's stock has recently crossed above its fifty-day moving average, currently trading at GBX 145.21 ($1.93) with a volume of nearly 7 million shares.
• Equity analysts are optimistic about Tritax Big Box REIT, with four analysts recommending a "Buy" rating and a consensus price target of GBX 166.50.
• The company reported a net margin of 60.46% and earnings per share of GBX 4.63 for the last quarter, indicating strong financial performance.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 140.79 ($1.88) and traded as high as GBX 148.18 ($1.97). Tritax Big Box REIT shares last traded at GBX 145.21 ($1.93), with a volume of 6,920,465 shares trading hands.

Analysts Set New Price Targets

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

Tritax Big Box REIT Trading Down 1.0%

The firm's 50 day moving average is GBX 140.79 and its 200 day moving average is GBX 141.80. The company has a market cap of £3.57 billion, a PE ratio of 833.62, 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 issued its quarterly earnings data 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 anticipate that Tritax Big Box REIT plc will post 8.9700057 earnings per share 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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