Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Tritax Big Box REIT plc (LON:BBOX)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 144.87 ($1.88) and traded as low as GBX 141.10 ($1.83). Tritax Big Box REIT shares last traded at GBX 141.40 ($1.84), with a volume of 800,190,563 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Shore Capital reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, January 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 189 ($2.46) target price on shares of Tritax Big Box REIT in a research note on Monday, March 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 186.50 ($2.42).

Tritax Big Box REIT Stock Performance

The stock has a 50-day simple moving average of GBX 142.48 and a 200-day simple moving average of GBX 144.87. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42. The stock has a market cap of £3.51 billion, a PE ratio of 18.49, a P/E/G ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT (LON:BBOX) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 8.05 ($0.10) earnings per share (EPS) for the quarter. Tritax Big Box REIT had a return on equity of 4.04% and a net margin of 60.46%. Equities analysts predict that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current fiscal 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.