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Tritax Big Box REIT's (BBOX) "Buy" Rating Reiterated at Shore Capital

Tritax Big Box REIT logo with Real Estate background

Key Points

  • Analysts at Shore Capital have reiterated a "buy" rating for Tritax Big Box REIT (BBOX), setting a price objective of GBX 300, indicating a potential upside of nearly 95%.
  • The stock currently has an average rating of "Buy" from multiple analysts, with price targets ranging from GBX 160 to GBX 300.
  • Tritax Big Box REIT has reported a net margin of 60.46% and a return on equity of 4.04%, with anticipated earnings per share for the current year estimated at approximately 9.0.
  • Five stocks we like better than Tritax Big Box REIT.

Tritax Big Box REIT (LON:BBOX - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Shore Capital in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 300 price objective on the stock. Shore Capital's price objective points to a potential upside of 94.93% from the company's previous close.

Several other equities analysts have also commented on the stock. Peel Hunt reiterated an "add" rating and issued a GBX 160 price target on shares of Tritax Big Box REIT in a research note on Monday, October 13th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 173 price target on shares of Tritax Big Box REIT in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Tritax Big Box REIT in a research note on Wednesday, September 10th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tritax Big Box REIT currently has an average rating of "Buy" and an average price target of GBX 211.

Check Out Our Latest Stock Analysis on BBOX

Tritax Big Box REIT Stock Down 0.2%

LON:BBOX traded down GBX 0.30 during mid-day trading on Thursday, hitting GBX 153.90. The stock had a trading volume of 33,325,285 shares, compared to its average volume of 12,531,028. The stock has a 50-day simple moving average of GBX 141.55 and a two-hundred day simple moving average of GBX 142.13. The company has a market capitalization of £3.82 billion, a PE ratio of 8.92, a PEG ratio of 2.05 and a beta of 0.89. Tritax Big Box REIT has a twelve month low of GBX 121.90 and a twelve month high of GBX 165.60. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last issued its earnings results 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%. On average, equities research analysts anticipate that Tritax Big Box REIT will post 8.9700057 EPS for the current year.

Tritax Big Box REIT Company Profile

(Get Free Report)

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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