Primary Health Properties (LON:PHP - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, London Stock Exchange reports. They presently have a GBX 118 price target on the real estate investment trust's stock. Jefferies Financial Group's price objective indicates a potential upside of 29.13% from the stock's previous close.
A number of other brokerages also recently issued reports on PHP. Shore Capital Group reiterated a "house stock" rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 115 price target on shares of Primary Health Properties in a report on Friday, July 31st. Finally, Berenberg Bank increased their price target on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the stock a "buy" rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Primary Health Properties has a consensus rating of "Moderate Buy" and an average price target of GBX 115.20.
Check Out Our Latest Stock Report on Primary Health Properties
Primary Health Properties Stock Performance
LON:PHP opened at GBX 91.38 on Thursday. The stock has a fifty day moving average price of GBX 94.40 and a 200-day moving average price of GBX 93.81. The company has a market cap of £2.37 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60.
Primary Health Properties (LON:PHP - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, equities analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current fiscal year.
Primary Health Properties Company Profile
(
Get Free Report)
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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