Jefferies Financial Group Reaffirms "Buy" Rating for Primary Health Properties (LON:PHP)

Key Points

• Jefferies Financial Group reaffirmed a “Buy” rating for Primary Health Properties and set a GBX 107 price target, implying 18.82% upside from the current price.
• Analyst sentiment remains positive: PHP has four Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average target price of GBX 113.
• Primary Health Properties opened at GBX 90.05, with a market capitalization of approximately £2.34 billion. The REIT reported quarterly EPS of GBX 3.80 and a net margin of 43.30%.

Primary Health Properties (LON:PHP - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 107 price target on the real estate investment trust's stock. Jefferies Financial Group's price target would indicate a potential upside of 18.82% from the stock's current price.

Several other brokerages also recently commented on PHP. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Berenberg Bank raised their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, Shore Capital Group reaffirmed a "house stock" rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 113.

Primary Health Properties Stock Performance

PHP opened at GBX 90.05 on Thursday. Primary Health Properties has a 12-month low of GBX 88.30 and a 12-month high of GBX 109.60. The firm has a market capitalization of £2.34 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The stock's 50 day moving average price is GBX 93.26 and its two-hundred day moving average price is GBX 93.41. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37.

Primary Health Properties (LON:PHP - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 EPS for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. On average, equities analysts forecast that Primary Health Properties will post 7.09 earnings per share for the current year.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland. The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth. 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.

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