Primary Health Properties’ (PHP) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Primary Health Properties (LON:PHP – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday,Digital Look reports. They currently have a GBX 115 target price on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 18.71% from the stock’s current price.

PHP has been the topic of a number of other reports. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a GBX 105 price target on shares of Primary Health Properties in a research note on Wednesday, April 15th. Berenberg Bank restated a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 114.20.

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Primary Health Properties Stock Up 1.0%

Shares of PHP opened at GBX 96.88 on Thursday. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. The firm has a market cap of £2.51 billion, a P/E ratio of 14.68, a PEG ratio of 5.64 and a beta of 0.79. The stock’s 50 day moving average is GBX 93.01 and its two-hundred day moving average is GBX 97.62. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60.

About Primary Health Properties

(Get Free Report)

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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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