Target Healthcare REIT (LON:THRL) Hits New 1-Year High – Time to Buy?

Target Healthcare REIT (LON:THRL)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 114.80 and last traded at GBX 114.60, with a volume of 18884 shares trading hands. The stock had previously closed at GBX 114.20.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 101 price target on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Up 0.0%

The stock has a 50-day simple moving average of GBX 107.73 and a 200 day simple moving average of GBX 104.96. The company has a market cap of £708.62 million, a PE ratio of 9.09, a P/E/G ratio of 1.48 and a beta of 0.54.

About Target Healthcare REIT

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.