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

Tritax Big Box REIT plc (LON:BBOX)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 148.38 ($1.85) and traded as low as GBX 144.40 ($1.81). Tritax Big Box REIT shares last traded at GBX 148.50 ($1.86), with a volume of 7,189,627 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 191.75 ($2.40).

Tritax Big Box REIT Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99. The stock has a market cap of £3.69 billion, a price-to-earnings ratio of 2,124.29, a PEG ratio of 2.05 and a beta of 0.89. The stock’s fifty day moving average is GBX 136.07 and its 200-day moving average is GBX 148.38.

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.