Tritax Big Box REIT (LON:BBOX) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Posted by Thomas Dobrow on Jul 12th, 2024

Tritax Big Box REIT (LON:BBOX – Get Free Report)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued to investors on Friday, Digital Look reports.

Several other research analysts have also recently commented on BBOX. Barclays raised their target price on shares of Tritax Big Box REIT from GBX 165 ($2.11) to GBX 190 ($2.43) and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Shore Capital reiterated a “buy” rating on shares of Tritax Big Box REIT in a report on Friday, May 17th.

Read Our Latest Stock Report on BBOX

Tritax Big Box REIT Trading Up 0.5 %

Shares of BBOX traded up GBX 0.80 ($0.01) during midday trading on Friday, hitting GBX 161.80 ($2.07). The stock had a trading volume of 3,004,784 shares, compared to its average volume of 7,139,434. 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 business has a 50-day simple moving average of GBX 157.75 and a two-hundred day simple moving average of GBX 156.77. The firm has a market cap of £3.07 billion, a P/E ratio of 4,042.50, 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.

Insider Buying and Selling

In related news, insider Alastair Hughes purchased 30,300 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of GBX 167 ($2.14) per share, for a total transaction of £50,601 ($64,814.91). 2.01% of the stock is currently owned by corporate insiders.

About Tritax Big Box REIT

(Get Free Report)

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.