Primary Health Properties Plc (LON:PHP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Primary Health Properties Plc (LON:PHPGet Free Report) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 114.20.

PHP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research note on Thursday, June 25th. 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a report on Thursday, July 2nd. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target 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.

Read Our Latest Stock Report on Primary Health Properties

Primary Health Properties Stock Down 0.2%

Shares of Primary Health Properties stock opened at GBX 93.70 on Friday. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year high of GBX 109.60. The firm has a market cap of £2.43 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 5.64 and a beta of 0.79. The company has a 50-day moving average of GBX 93 and a 200 day moving average of GBX 97.23. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62.

Primary Health Properties Company Profile

(Get Free Report)

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

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.

Further Reading

Analyst Recommendations for Primary Health Properties (LON:PHP)

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