Tritax Big Box REIT (LON:BBOX) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• Tritax Big Box REIT's stock has fallen below its 200-day moving average, currently trading at GBX 137 ($1.86) compared to its average of GBX 141.78 ($1.92).
• Despite the recent decline, analysts from Shore Capital maintain a "buy" rating, with a consensus price target of GBX 189.
• The company has a market cap of £3.41 billion, with a high P/E ratio of 796.52 and a projected earnings per share (EPS) of 8.97 for the current fiscal year.

Tritax Big Box REIT plc (LON:BBOX - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 141.78 ($1.92) and traded as low as GBX 136.56 ($1.85). Tritax Big Box REIT shares last traded at GBX 137 ($1.86), with a volume of 2,077,767 shares trading hands.

Wall Street Analyst Weigh In

BBOX has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 173 price objective on shares of Tritax Big Box REIT in a research note on Thursday. JPMorgan Chase & Co. restated an "overweight" rating on shares of Tritax Big Box REIT in a report on Wednesday. Finally, Shore Capital restated a "buy" rating on shares of Tritax Big Box REIT in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tritax Big Box REIT has an average rating of "Buy" and an average target price of GBX 173.

Tritax Big Box REIT Stock Performance

The firm has a market capitalization of £3.36 billion, a PE ratio of 785.51, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The company's fifty day moving average price is GBX 140.44 and its two-hundred day moving average price is GBX 141.56.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 4.63 earnings per share for the quarter. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%. As a group, equities analysts expect that Tritax Big Box REIT plc 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. 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.