Primary Health Properties (LON:PHP) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Primary Health Properties Plc (LON:PHP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 95.17 and traded as low as GBX 94.05. Primary Health Properties shares last traded at GBX 95.11, with a volume of 6,275,217 shares.

Analyst Ratings Changes

A number of research firms have issued reports on PHP. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, September 3rd. Jefferies Financial Group lifted their price objective on Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Primary Health Properties presently has a consensus rating of “Buy” and an average price target of GBX 114.

Primary Health Properties Stock Performance

The stock’s 50 day moving average is GBX 92.76 and its two-hundred day moving average is GBX 95.17. The stock has a market capitalization of £2.47 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73.

Insider Buying and Selling at Primary Health Properties

In other news, insider Richard Howell acquired 231,564 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average cost of GBX 89 per share, for a total transaction of £206,091.96. 1.04% of the stock is owned by corporate insiders.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.