Primary Health Properties’ (PHP) House Stock Rating Reaffirmed at Shore Capital Group

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

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the stock a “buy” rating in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a research report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 118 price objective on shares of Primary Health Properties in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 114.20.

Primary Health Properties Stock Performance

Shares of PHP opened at GBX 94.80 on Wednesday. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. The company has a market cap of £2.46 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The stock has a 50-day moving average price of GBX 92.98 and a 200-day moving average price of GBX 97.63.

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.