Tritax Big Box REIT (LON:BBOX) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Tritax Big Box REIT plc (LON:BBOX)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 144.01 ($1.85) and traded as low as GBX 139.80 ($1.80). Tritax Big Box REIT shares last traded at GBX 141.30 ($1.82), with a volume of 126,075,555 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BBOX. Jefferies Financial Group restated a “buy” rating and set a GBX 189 ($2.43) price objective on shares of Tritax Big Box REIT in a research report on Monday, March 3rd. Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 186.50 ($2.40).

Tritax Big Box REIT Price Performance

The company has a 50-day moving average of GBX 143.70 and a 200 day moving average of GBX 144.01. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The firm has a market cap of £3.50 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.05 and a beta of 0.89.

Tritax Big Box REIT (LON:BBOX) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that Tritax Big Box REIT plc will post 8.9700057 EPS for the current year.

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.