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 reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 107 target price on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.82% from the company’s current price.

Several other equities analysts have also recently issued reports on PHP. Berenberg Bank boosted their price objective on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 113.

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Primary Health Properties Stock Performance

Shares of LON:PHP traded down GBX 1.25 on Thursday, hitting GBX 90.05. 225,387,750 shares of the company were exchanged, compared to its average volume of 39,480,070. The firm has a market capitalization of £2.34 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. Primary Health Properties has a 1-year low of GBX 88.30 and a 1-year high of GBX 109.60. The stock’s 50 day moving average price is GBX 93.26 and its 200 day moving average price is GBX 93.41.

Primary Health Properties (LON:PHP – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) EPS for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Sell-side analysts predict that Primary Health Properties will post 7.09 EPS for the current year.

Primary Health Properties Company Profile

(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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