Tritax Big Box REIT (LON:BBOX) Downgraded to Underweight at Barclays

Tritax Big Box REIT (LON:BBOXGet Rating) was downgraded by Barclays to an “underweight” rating in a report issued on Friday, Marketbeat reports. They currently have a GBX 155 ($1.87) target price on the stock, down from their previous target price of GBX 200 ($2.42). Barclays‘s target price suggests a potential upside of 9.62% from the company’s previous close.

Several other equities research analysts have also recently commented on BBOX. Shore Capital reiterated a “sell” rating on shares of Tritax Big Box REIT in a research report on Wednesday, August 3rd. Berenberg Bank cut Tritax Big Box REIT to a “hold” rating and lowered their target price for the company from GBX 275 ($3.32) to GBX 190 ($2.30) in a research note on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 231.40 ($2.80).

Tritax Big Box REIT Stock Performance

Shares of BBOX opened at GBX 141.40 ($1.71) on Friday. Tritax Big Box REIT has a 1 year low of GBX 141.40 ($1.71) and a 1 year high of GBX 288 ($3.48). The company has a market cap of £2.64 billion and a price-to-earnings ratio of 245.34. The company has a debt-to-equity ratio of 32.49, a quick ratio of 0.42 and a current ratio of 0.48. The firm has a fifty day moving average of GBX 178.78 and a 200-day moving average of GBX 202.81.

About Tritax Big Box REIT

(Get Rating)

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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