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Tritax Big Box REIT (LON:BBOX) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Tritax Big Box REIT logo with Real Estate background

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.11 ($1.85) and traded as low as GBX 140.30 ($1.74). Tritax Big Box REIT shares last traded at GBX 143.40 ($1.78), with a volume of 14,145,266 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of Tritax Big Box REIT in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 191.75 ($2.38).

Check Out Our Latest Report on BBOX

Tritax Big Box REIT Stock Up 2.4 %

The firm's 50 day moving average is GBX 135.54 and its 200-day moving average is GBX 148.82. The firm has a market cap of £3.62 billion, a PE ratio of 2,087.14, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 43.99.

About Tritax Big Box REIT

(Get Free Report)

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.

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