Primary Health Properties (LON:PHP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Primary Health Properties Plc (LON:PHPGet 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%

The business’s fifty day simple moving average is GBX 92.92 and its two-hundred day simple moving average is GBX 97.51. The company has a market cap of £2.44 billion, a PE ratio of 14.26, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62.

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.

Further Reading

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