Primary Health Properties (LON:PHP) Price Target Raised to GBX 115

Primary Health Properties (LON:PHP) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 114 to GBX 115 in a report issued on Friday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the real estate investment trust’s stock.

Separately, Berenberg Bank upped their price objective on Primary Health Properties from GBX 122 to GBX 128 and gave the company a “buy” rating in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 119.

Primary Health Properties Stock Down 3.6%

Primary Health Properties stock opened at GBX 92.10 on Friday. The firm has a market capitalization of £2.39 billion, a PE ratio of 12.79, a P/E/G ratio of 5.64 and a beta of 0.96. The company’s 50-day moving average is GBX 104.01 and its 200-day moving average is GBX 97.61. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60. 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 (LON:PHP) last issued its earnings results on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. Sell-side analysts anticipate that Primary Health Properties will post 7.0875912 earnings per share for the current year.

About Primary Health Properties

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.