Target Healthcare REIT (LON:THRL) Stock Passes Above Fifty Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 98.51 and traded as high as GBX 105.40. Target Healthcare REIT shares last traded at GBX 103.80, with a volume of 631,252 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price objective on Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Target Healthcare REIT has a consensus rating of “Buy” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Down 0.8%

The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52. The firm has a market capitalization of £643.81 million, a P/E ratio of 10.58, a PEG ratio of 1.48 and a beta of 0.44. The firm’s fifty day moving average price is GBX 98.51 and its 200-day moving average price is GBX 97.08.

Target Healthcare REIT Company Profile

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.