Tritax Big Box REIT (LON:BBOX) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Tritax Big Box REIT plc (LON:BBOX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 141.22 ($1.87) and traded as low as GBX 130.50 ($1.73). Tritax Big Box REIT shares last traded at GBX 132.81 ($1.76), with a volume of 170,531,047 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BBOX shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 189 ($2.50) price target on shares of Tritax Big Box REIT in a report on Monday, March 3rd. Shore Capital reiterated a “buy” rating on shares of Tritax Big Box REIT in a research report on Tuesday, January 21st.

Tritax Big Box REIT Stock Up 0.7 %

The firm has a market capitalization of £3.43 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The firm has a 50-day moving average of GBX 140.71 and a two-hundred day moving average of GBX 140.87.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 8.05 ($0.11) earnings per share for the quarter. Tritax Big Box REIT had a return on equity of 4.04% and a net margin of 60.46%. On average, equities research analysts forecast 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.