Primary Health Properties (LON:PHP) Given New GBX 105 Price Target at JPMorgan Chase & Co.

Primary Health Properties (LON:PHP) had its target price raised by JPMorgan Chase & Co. from GBX 100 to GBX 105 in a research report released on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on PHP. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. Berenberg Bank boosted their price target on shares of Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and an average price target of GBX 115.50.

Primary Health Properties Stock Down 1.4%

Shares of PHP opened at GBX 94.35 on Wednesday. The firm has a market cap of £2.45 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 5.64 and a beta of 0.80. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The company’s 50-day moving average price is GBX 100.83 and its 200 day moving average price is GBX 97.75. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. On average, sell-side analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current year.

Primary Health Properties Company Profile

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.