Primary Health Properties Plc (LON:PHP) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Primary Health Properties has an average analyst rating of “Moderate Buy,” with four buy ratings and one hold. The average 12-month price target is GBX 115.20, above the reported opening price of GBX 90.38.
• Recent broker actions were broadly positive: Berenberg raised its price target to GBX 133, while Deutsche Bank and Jefferies maintained buy ratings with targets of GBX 115 and GBX 118, respectively.
• The healthcare-focused REIT reported quarterly EPS of GBX 3.80, a 43.30% net margin and 6.20% return on equity; analysts expect full-year EPS of approximately GBX 7.09.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 115.20.

PHP has been the subject of a number of research reports. Shore Capital Group reaffirmed a "house stock" rating on shares of Primary Health Properties in a report on Thursday, July 30th. Berenberg Bank boosted their price target on Primary Health Properties from GBX 128 to GBX 133 and gave the company a "buy" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 115 price objective on shares of Primary Health Properties in a research note on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 118 price objective on shares of Primary Health Properties in a research report on Thursday, October 1st.

Primary Health Properties Stock Performance

Shares of PHP opened at GBX 90.38 on Wednesday. The company's 50 day simple moving average is GBX 93.95 and its 200-day simple moving average is GBX 93.50. The firm has a market cap of £2.35 billion, a PE ratio of 15.06, 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 87.40 and a 12-month high of GBX 109.60. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37.

Primary Health Properties (LON:PHP - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts predict that Primary Health Properties will post 7.0875912 EPS 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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