Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Tritax Big Box REIT plc (LON:BBOX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 144.01 ($1.85) and traded as low as GBX 139.80 ($1.80). Tritax Big Box REIT shares last traded at GBX 141.30 ($1.82), with a volume of 126,075,555 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, January 21st. Jefferies Financial Group reissued a “buy” rating and set a GBX 189 ($2.43) price objective on shares of Tritax Big Box REIT in a research report on Monday, March 3rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 186.50 ($2.40).

Tritax Big Box REIT Stock Performance

The firm has a market cap of £3.50 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The firm’s 50 day moving average is GBX 143.70 and its 200-day moving average is GBX 144.01. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54.

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 return on equity of 4.04% and a net margin of 60.46%. Sell-side analysts anticipate that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current fiscal 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.