Tritax Big Box REIT (LON:BBOX) Earns Buy Rating from Jefferies Financial Group

Tritax Big Box REIT (LON:BBOX)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued on Friday, LSE.Co.UK reports. They presently have a GBX 210 ($2.69) price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 29.71% from the company’s previous close.

A number of other analysts have also commented on BBOX. Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Friday, May 17th. Barclays boosted their price target on shares of Tritax Big Box REIT from GBX 165 ($2.11) to GBX 190 ($2.43) and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tritax Big Box REIT in a research note on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 185 ($2.37).

Tritax Big Box REIT Trading Up 0.6 %

Shares of Tritax Big Box REIT stock traded up GBX 0.90 ($0.01) on Friday, reaching GBX 161.90 ($2.07). 3,926,623 shares of the company were exchanged, compared to its average volume of 7,146,262. Tritax Big Box REIT has a fifty-two week low of GBX 127.10 ($1.63) and a fifty-two week high of GBX 173 ($2.22). The firm has a market capitalization of £3.08 billion, a price-to-earnings ratio of 4,047.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. The company has a current ratio of 0.40, a quick ratio of 0.42 and a debt-to-equity ratio of 48.45. The stock has a fifty day moving average price of GBX 157.75 and a 200-day moving average price of GBX 156.77.

Insider Activity at Tritax Big Box REIT

In other Tritax Big Box REIT news, insider Alastair Hughes bought 30,300 shares of Tritax Big Box REIT stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of GBX 167 ($2.14) per share, for a total transaction of £50,601 ($64,814.91). Insiders own 2.01% of the company’s stock.

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.