Tritax Big Box REIT (LON:BBOX) Stock Price Passes 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)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Ratings Changes

A number of research firms have recently commented on BBOX. Shore Capital reiterated a "buy" rating on shares of Tritax Big Box REIT in a research report on Friday, August 22nd. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Tritax Big Box REIT in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 173 target price on shares of Tritax Big Box REIT in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tritax Big Box REIT has an average rating of "Buy" and a consensus target price of GBX 173.

Tritax Big Box REIT Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The business has a 50 day moving average of GBX 140.44 and a 200-day moving average of GBX 141.52. The stock has a market cap 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.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its quarterly 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%. On average, analysts anticipate that Tritax Big Box REIT plc will post 8.9700057 EPS 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.