Target Healthcare REIT (LON:THRL) Sets New 12-Month High – Here’s What Happened

Target Healthcare REIT (LON:THRL)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 112 and last traded at GBX 110.60, with a volume of 557413 shares changing hands. The stock had previously closed at GBX 110.80.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 101.

Target Healthcare REIT Stock Performance

The business has a 50 day moving average price of GBX 106.47 and a two-hundred day moving average price of GBX 103.81. The company has a market cap of £682.26 million, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.48 and a beta of 0.54.

About Target Healthcare REIT

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.