Primary Health Properties Plc (LON:PHP – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 97.51 and traded as low as GBX 92.25. Primary Health Properties shares last traded at GBX 93.10, with a volume of 6,634,691 shares trading hands.
Analysts Set New Price Targets
PHP has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a research note on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and set a GBX 118 target price on shares of Primary Health Properties in a report on Thursday, July 2nd. Stifel Nicolaus restated a “buy” rating and set a GBX 105 target price on shares of Primary Health Properties in a research report on Wednesday, April 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a report on Thursday, June 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Primary Health Properties has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.
Get Our Latest Report on Primary Health Properties
Primary Health Properties Stock Up 1.1%
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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