Shore Capital Group Reiterates “House Stock” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “house stock” rating reaffirmed by Shore Capital Group in a research report issued on Friday, Marketbeat.com reports.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Thursday, June 25th. Berenberg Bank reissued a “buy” rating and set a GBX 128 price objective on shares of Primary Health Properties in a research note on Friday, April 24th. Stifel Nicolaus restated a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Stock Performance

LON:PHP opened at GBX 94.45 on Friday. Primary Health Properties has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60. The company has a 50-day moving average of GBX 92.87 and a 200-day moving average of GBX 97.33. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

Primary Health Properties Company Profile

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.