Primary Health Properties (LON:PHP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 95.91 and traded as low as GBX 94.15. Primary Health Properties shares last traded at GBX 94.46, with a volume of 29,312,563 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PHP. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, September 3rd. Jefferies Financial Group upped their price objective on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 114.

Primary Health Properties Trading Down 0.3%

The stock has a market capitalization of £2.42 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The stock has a 50-day moving average price of GBX 91.12 and a two-hundred day moving average price of GBX 95.91. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50.

Insiders Place Their Bets

In other Primary Health Properties news, insider Richard Howell acquired 231,564 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of GBX 89 per share, for a total transaction of £206,091.96. Also, insider Mark Davies acquired 77,820 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of GBX 96 per share, for a total transaction of £74,707.20. Insiders have bought a total of 504,452 shares of company stock valued at $46,106,756 in the last 90 days. 1.05% of the stock is owned by corporate insiders.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.