Primary Health Properties (LON:PHP – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 107 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 18.82% from the stock’s current price.
Several other research firms also recently weighed in on PHP. Berenberg Bank boosted their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a research report on Friday, August 14th. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 113.
View Our Latest Stock Analysis on Primary Health Properties
Primary Health Properties Price Performance
Shares of PHP stock opened at GBX 90.05 on Thursday. Primary Health Properties has a fifty-two week low of GBX 88.30 and a fifty-two week high of GBX 109.60. The firm has a market capitalization of £2.34 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. The stock’s 50-day simple moving average is GBX 93.14 and its 200-day simple moving average is GBX 93.41.
Primary Health Properties (LON:PHP – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. As a group, equities analysts forecast that Primary Health Properties will post 7.09 earnings per share for the current fiscal year.
About Primary Health Properties
PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.
The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.
To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.
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