Primary Health Properties Plc (LON:PHP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Primary Health Properties Plc (LON:PHPGet Free Report) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 114.20.

Several research firms recently issued reports on PHP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 118 target price on shares of Primary Health Properties in a report on Wednesday, June 24th. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a report on Wednesday, June 24th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a report on Friday, April 24th.

Get Our Latest Report on PHP

Primary Health Properties Trading Down 0.4%

PHP stock opened at GBX 96.15 on Monday. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The stock has a market cap of £2.50 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 5.64 and a beta of 0.79. The business’s 50-day moving average is GBX 93.05 and its 200 day moving average is GBX 97.62.

About Primary Health Properties

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Primary Health Properties (LON:PHP)

Receive News & Ratings for Primary Health Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primary Health Properties and related companies with MarketBeat.com's FREE daily email newsletter.