Primary Health Properties (LON:PHP) Stock Keeps “Buy” Rating at Jefferies Financial Group

Primary Health Properties (LON:PHP – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 107 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 18.82% from the stock’s current price.

A number of other equities research analysts also recently weighed in on PHP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Finally, Berenberg Bank upped 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 note on Friday, August 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.

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Primary Health Properties Stock Down 1.4%

Shares of LON:PHP opened at GBX 90.05 on Thursday. The firm has a market cap of £2.34 billion, a P/E ratio of 15.01, a P/E/G ratio of 5.64 and a beta of 0.79. The business has a fifty day simple moving average of GBX 93.26 and a 200 day simple moving average of GBX 93.41. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. Primary Health Properties has a 12-month low of GBX 88.30 and a 12-month high of GBX 109.60.

Primary Health Properties (LON:PHP – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. Analysts predict that Primary Health Properties will post 7.09 earnings per share for the current year.

About Primary Health Properties

(Get Free Report)

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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