Tritax Big Box (LON:BBOX) Given New GBX 190 Price Target at Barclays

Tritax Big Box (LON:BBOXFree Report) had its price objective upped by Barclays from GBX 165 ($2.07) to GBX 190 ($2.39) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage currently has an overweight rating on the stock.

BBOX has been the subject of several other reports. Berenberg Bank reaffirmed a buy rating and set a GBX 155 ($1.95) price target on shares of Tritax Big Box in a research note on Thursday, February 8th. Shore Capital reaffirmed a buy rating on shares of Tritax Big Box in a research note on Friday, March 1st.

Check Out Our Latest Stock Analysis on BBOX

Tritax Big Box Price Performance

LON BBOX opened at GBX 154.60 ($1.94) on Wednesday. The stock has a market cap of £2.94 billion, a price-to-earnings ratio of 3,870.00, a PEG ratio of 2.05 and a beta of 0.88. Tritax Big Box has a 52-week low of GBX 121.80 ($1.53) and a 52-week high of GBX 173 ($2.17). The business has a 50 day simple moving average of GBX 154.69 and a 200 day simple moving average of GBX 152.80. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.42 and a current ratio of 0.40.

Tritax Big Box Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 14th were issued a GBX 2.05 ($0.03) dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Tritax Big Box’s previous dividend of $1.75. Tritax Big Box’s dividend payout ratio is presently 17,500.00%.

Tritax Big Box Company Profile

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Tritax Big Box REIT plc (Tritax Big Box or the Company) is the UK's specialist in logistics real estate with the UK's largest investment portfolio and largest logistics-focused land platform. Tritax Big Box 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.

Further Reading

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