JPMorgan Chase & Co. Reiterates Overweight Rating for Tritax Big Box REIT (LON:BBOX)

Tritax Big Box REIT (LON:BBOX)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Digital Look reports.

BBOX has been the subject of several other reports. Barclays increased their price target on shares of Tritax Big Box REIT from GBX 165 ($2.09) to GBX 190 ($2.40) and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Shore Capital reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Friday, May 17th.

Tritax Big Box REIT Stock Up 3.1 %

LON:BBOX traded up GBX 4.70 ($0.06) during mid-day trading on Wednesday, reaching GBX 158.30 ($2.00). The company’s stock had a trading volume of 3,835,594 shares, compared to its average volume of 7,293,443. Tritax Big Box REIT has a 1 year low of GBX 123.80 ($1.57) and a 1 year high of GBX 173 ($2.19). The stock has a fifty day moving average of GBX 156.83 and a 200-day moving average of GBX 157.12. The firm has a market capitalization of £3.01 billion, a PE ratio of 3,950.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.88. The company has a quick ratio of 0.42, a current ratio of 0.40 and a debt-to-equity ratio of 48.45.

Insider Activity

In other Tritax Big Box REIT news, insider Alastair Hughes acquired 30,300 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of GBX 167 ($2.11) per share, for a total transaction of £50,601 ($64,003.29). Corporate insiders own 2.01% of the company’s stock.

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.