Primary Health Properties (LON:PHP) Price Target Cut to GBX 131 by Analysts at Berenberg Bank

Key Points

• Berenberg Bank lowered Primary Health Properties’ price target from GBX 133 to GBX 131 while maintaining a “buy” rating, implying 42.39% potential upside from the current price.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and one rates it a Hold, producing a consensus “Moderate Buy” rating and an average target of GBX 112.60.
• PHP shares opened at GBX 92 and were down 0.1%; insider Richard Howell recently bought 54,659 shares worth approximately £49,740 at GBX 91 each.

Primary Health Properties (LON:PHP - Get Free Report) had its target price lowered by analysts at Berenberg Bank from GBX 133 to GBX 131 in a research report issued to clients and investors on Monday, Digital Look reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Berenberg Bank's price objective indicates a potential upside of 42.39% from the stock's current price.

Several other equities analysts have also recently issued reports on PHP. Shore Capital Group restated a "house stock" rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 107 price target on shares of Primary Health Properties in a report on Thursday, October 15th. 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 112.60.

Primary Health Properties Stock Down 0.1%

Shares of LON:PHP opened at GBX 92 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. The company has a fifty day simple moving average of GBX 92.63 and a 200 day simple moving average of GBX 93.38. The firm has a market cap of £2.39 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 12-month low of GBX 88.30 and a 12-month high of GBX 109.60.

Primary Health Properties (LON:PHP - Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) 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 research analysts anticipate that Primary Health Properties will post 7.09 EPS for the current fiscal year.

Insider Activity at Primary Health Properties

In other Primary Health Properties news, insider Richard Howell purchased 54,659 shares of the stock in a transaction dated Friday, October 23rd. The shares were bought at an average cost of GBX 91 per share, with a total value of £49,739.69. Company insiders own 1.05% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.