Shares of Primary Health Properties Plc (LON:PHP – Get 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.
Primary Health Properties Trading Down 0.4%
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.
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