Peel Hunt Reaffirms Buy Rating for Primary Health Properties (LON:PHP)
Peel Hunt restated their buy rating on shares of Primary Health Properties (LON:PHP) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Separately, Liberum Capital cut Primary Health Properties to a hold rating and upped their price target for the stock from GBX 125 ($1.63) to GBX 130 ($1.70) in a research note on Monday, March 25th.
Primary Health Properties stock opened at GBX 137.40 ($1.80) on Tuesday. Primary Health Properties has a 12 month low of GBX 1.08 ($0.01) and a 12 month high of GBX 137.80 ($1.80). The company has a debt-to-equity ratio of 88.06, a current ratio of 0.08 and a quick ratio of 0.07. The company has a market cap of $1.56 billion and a PE ratio of 14.02.
About Primary Health Properties
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
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