Primary Health Properties (LON:PHP) Earns Buy Rating from Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued on Wednesday,London Stock Exchange reports.

PHP has been the subject of several other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 105 price target on shares of Primary Health Properties in a report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 113.40.

Primary Health Properties Price Performance

PHP stock traded down GBX 1.25 on Wednesday, reaching GBX 92.35. The company had a trading volume of 8,484,141 shares, compared to its average volume of 40,066,488. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year high of GBX 109.60. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. The company’s fifty day moving average is GBX 98 and its 200 day moving average is GBX 98.31. The company has a market cap of £2.40 billion, a P/E ratio of 13.99, a PEG ratio of 5.64 and a beta of 0.80.

Primary Health Properties (LON:PHP) last posted its earnings results 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 return on equity of 6.03% and a net margin of 45.95%. On average, research analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current year.

About Primary Health Properties

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.