Target Healthcare REIT (LON:THRL) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Target Healthcare REIT (LON:THRLGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 106.17 and traded as high as GBX 109. Target Healthcare REIT shares last traded at GBX 108.20, with a volume of 709,484 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 101.

Read Our Latest Stock Report on Target Healthcare REIT

Target Healthcare REIT Trading Up 0.4%

The business’s 50-day moving average is GBX 106.17 and its two-hundred day moving average is GBX 103.32. The stock has a market capitalization of £671.10 million, a PE ratio of 8.61, a PEG ratio of 1.48 and a beta of 0.69.

Target Healthcare REIT Company Profile

(Get Free Report)

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.

Further Reading

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