Tritax Big Box REIT (LON:BBOX) Rating Reiterated by Barclays

Tritax Big Box REIT (LON:BBOXGet Rating)‘s stock had its “equal weight” rating reissued by research analysts at Barclays in a research report issued on Monday, reports. They currently have a GBX 260 ($3.27) price target on the stock. Barclays‘s price objective points to a potential upside of 28.08% from the stock’s previous close.

Several other research analysts also recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 275 ($3.46) target price on shares of Tritax Big Box REIT in a report on Thursday, May 5th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 265 ($3.33) price target on shares of Tritax Big Box REIT in a research note on Friday, May 13th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tritax Big Box REIT in a research note on Monday, March 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Tritax Big Box REIT currently has an average rating of “Buy” and an average target price of GBX 253.86 ($3.19).

LON BBOX opened at GBX 203 ($2.55) on Monday. Tritax Big Box REIT has a twelve month low of GBX 193 ($2.43) and a twelve month high of GBX 288 ($3.62). The company has a debt-to-equity ratio of 33.00, a quick ratio of 0.64 and a current ratio of 0.84. The stock has a market capitalization of £3.79 billion and a PE ratio of 3.67. The stock has a 50-day simple moving average of GBX 231.37 and a 200 day simple moving average of GBX 234.16.

In related news, insider Aubrey Adams acquired 20,000 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were purchased at an average price of GBX 218 ($2.74) per share, for a total transaction of £43,600 ($54,863.47).

Tritax Big Box REIT Company Profile (Get Rating)

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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Analyst Recommendations for Tritax Big Box REIT (LON:BBOX)

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