Primary Health Properties (LON:PHP) Price Target Raised to GBX 128

Primary Health Properties (LON:PHP) had its target price boosted by Berenberg Bank from GBX 122 to GBX 128 in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Separately, Jefferies Financial Group raised their target price on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 121.

Primary Health Properties Trading Up 0.5%

Shares of LON PHP opened at GBX 105.87 on Monday. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year high of GBX 106.20. The stock has a market cap of £2.75 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The firm has a 50-day moving average of GBX 98.88 and a 200 day moving average of GBX 95.08. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.