Target Healthcare REIT (LON:THRL) Shares Cross Above Fifty Day Moving Average – What’s Next?

Target Healthcare REIT (LON:THRLGet Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 101.29 and traded as high as GBX 108.20. Target Healthcare REIT shares last traded at GBX 106.80, with a volume of 1,179,432 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on shares of Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Target Healthcare REIT presently has a consensus rating of “Buy” and an average target price of GBX 101.

Get Our Latest Stock Analysis on THRL

Target Healthcare REIT Stock Performance

The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92. The firm has a market capitalization of £661.17 million, a P/E ratio of 10.87, a P/E/G ratio of 1.48 and a beta of 0.44. The stock has a fifty day moving average of GBX 101.29 and a 200-day moving average of GBX 97.70.

About Target Healthcare REIT

(Get Free Report)

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.

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