Primary Health Properties (PHP) Receives Buy Rating from Jefferies Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a report issued on Thursday. They presently have a GBX 126 ($1.71) price target on the real estate investment trust’s stock. Jefferies Group’s price objective points to a potential upside of 10.14% from the company’s previous close.

Several other analysts have also commented on the stock. Liberum Capital restated a “hold” rating and issued a GBX 120 ($1.63) price objective on shares of Primary Health Properties in a report on Monday, January 8th. Peel Hunt restated a “buy” rating and issued a GBX 125 ($1.70) price objective on shares of Primary Health Properties in a report on Tuesday, January 2nd.

Shares of Primary Health Properties (PHP) traded up GBX 113.25 ($1.54) on Thursday, reaching GBX 114.40 ($1.55). 1,193,447 shares of the company’s stock traded hands, compared to its average volume of 489,160. Primary Health Properties has a twelve month low of GBX 105 ($1.42) and a twelve month high of GBX 123.50 ($1.67). The stock has a market capitalization of $709.47 and a price-to-earnings ratio of 1,144.00.

In other Primary Health Properties news, insider Harry Abraham Hyman bought 923 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was acquired at an average price of GBX 114 ($1.55) per share, with a total value of £1,052.22 ($1,426.93). Insiders have acquired 1,093 shares of company stock valued at $124,687 in the last ninety days.

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Primary Health Properties Company Profile

Primary Health Properties PLC (PHP) is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is the investment in primary healthcare property in the United Kingdom and the Republic of Ireland. It specializes in the ownership of freehold or long leasehold interests in purpose-built healthcare facilities, which are leased to general practitioners, government healthcare bodies and other associated healthcare users.

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