Tritax Big Box REIT (LON:BBOX) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Tritax Big Box REIT plc (LON:BBOX)’s share price crossed 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 ($1.83), with a volume of 800,190,563 shares traded.

Wall Street Analysts Forecast Growth

BBOX has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 189 ($2.45) price target on shares of Tritax Big Box REIT in a research report on Monday, March 3rd. Shore Capital reiterated 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, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 186.50 ($2.42).

Tritax Big Box REIT Price Performance

The business’s 50-day simple moving average is GBX 142.71 and its two-hundred day simple moving average is GBX 144.73. The stock has a market cap of £3.52 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a current ratio of 0.54 and a quick ratio of 0.42.

Tritax Big Box REIT (LON:BBOX) last released its quarterly earnings results 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 net margin of 60.46% and a return on equity of 4.04%. Research analysts expect that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current 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.