Tritax Big Box REIT (LON:BBOX) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Tritax Big Box REIT plc (LON:BBOX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 147.19 ($1.86) and traded as low as GBX 145.80 ($1.84). Tritax Big Box REIT shares last traded at GBX 146.40 ($1.85), with a volume of 3,944,199 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated 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, Based on data from MarketBeat, Tritax Big Box REIT presently has an average rating of “Buy” and a consensus price target of GBX 191.75 ($2.42).

Tritax Big Box REIT Price Performance

The firm’s 50-day moving average price is GBX 138.56 and its two-hundred day moving average price is GBX 147.19. The stock has a market cap of £3.63 billion, a PE ratio of 19.14, a PEG 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.

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.