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) passed 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 traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on BBOX. Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Tuesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 189 ($2.46) price target on shares of Tritax Big Box REIT in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Tritax Big Box REIT presently 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 company has a market capitalization 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 earnings results on Friday, February 28th. The company reported GBX 8.05 ($0.10) 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 anticipate that Tritax Big Box REIT plc will post 8.9700057 EPS 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.