Tritax Eurobox (GBP) (EBOX)

Sector:

Real Estate

Index:

FTSE 250

54.30p
   
  • Change Today:
      1.70p
  • 52 Week High: 69.30
  • 52 Week Low: 44.05
  • Currency: UK Pounds
  • Shares Issued: 806.80m
  • Volume: 960,501
  • Market Cap: £438.09m
  • RiskGrade: 108

Berenberg lowers target price on Tritax EuroBox

By Iain Gilbert

Date: Tuesday 13 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on property company Tritax EuroBox from 100.0p to 80.0p on Tuesday following the group's full-year results.
Berenberg stated that although Tritax EuroBox's full-year earnings per share fell short of forecasts, it still believes the company's performance was "resilient", with like-for-like metrics up "significantly".

"Like-for-like valuation growth of 5.6% was positive given the current investment market backdrop and led to EPRA NTA per share of 138c, 8.3% ahead of our 127c forecast," added the German Bank.

Berenberg also noted that with the company likely to benefit from rent indexation, but current market conditions delaying further investment, it had opted to reduce its price target on the stock but also maintain its 'buy' rating.

"Shares trade at a CY 2023 P/NTA of 0.56x, 44% below our trough NTA forecasts," added the analysts.













Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EBOX Market Data

Currency UK Pounds
Share Price 54.30p
Change Today 1.70p
% Change 3.23 %
52 Week High 69.30
52 Week Low 44.05
Volume 960,501
Shares Issued 806.80m
Market Cap £438.09m
RiskGrade 108

EBOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Price Trend
11.09% below the market average11.09% below the market average11.09% below the market average11.09% below the market average11.09% below the market average
16.28% below the sector average16.28% below the sector average16.28% below the sector average16.28% below the sector average16.28% below the sector average
Income
91.17% above the market average91.17% above the market average91.17% above the market average91.17% above the market average91.17% above the market average
93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average
Growth
4.61% below the market average4.61% below the market average4.61% below the market average4.61% below the market average4.61% below the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EBOX Dividends

  Latest Previous
  Q1 Q4
Ex-Div 22-Feb-24 14-Dec-23
Paid 14-Mar-24 12-Jan-24
Amount 1.25¢ 1.25¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 199,235 @ 54.30p
16:35 1 @ 54.30p
16:35 1,832 @ 54.30p
16:35 928 @ 54.30p
16:35 2,760 @ 54.30p

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