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

Tritax Big Box REIT plc (LON:BBOX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.11 ($1.86) and traded as low as GBX 140.30 ($1.75). Tritax Big Box REIT shares last traded at GBX 143.40 ($1.78), with a volume of 14,145,266 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 191.75 ($2.39).

Tritax Big Box REIT Trading Up 0.1 %

The company’s fifty day moving average is GBX 134.93 and its 200-day moving average is GBX 149.11. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 43.99. The firm has a market capitalization of £3.56 billion, a P/E ratio of 2,051.34, a P/E/G ratio of 2.05 and a beta of 0.89.

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.