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

Shore Capital Group reiterated their house stock rating on shares of Primary Health Properties (LON:PHP) in a research note issued to investors on Friday morning, Marketbeat.com reports.

PHP has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 price objective on shares of Primary Health Properties in a report on Thursday, July 2nd. Stifel Nicolaus restated a “buy” rating and set a GBX 105 target price on shares of Primary Health Properties in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Thursday, June 25th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 114.20.

Primary Health Properties Stock Performance

PHP stock opened at GBX 94.45 on Friday. Primary Health Properties has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48. The company has a market cap of £2.45 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The business’s fifty day moving average is GBX 92.87 and its 200-day moving average is GBX 97.33.

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.