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

Key Points

• Primary Health Properties has a “Moderate Buy” consensus from five analysts, with four buy ratings and one hold. The average 1-year price target is GBX 115.20, implying upside from the stock’s GBX 91.70 opening price.
• Recent analyst actions were broadly positive: Berenberg raised its price target to GBX 133, while Jefferies and Deutsche Bank maintained buy ratings with targets of GBX 118 and GBX 115, respectively.
• The healthcare-property REIT reported quarterly earnings of GBX 3.80 per share, with a 43.30% net margin and 6.20% return on equity. PHP focuses on UK and Irish healthcare real estate leased on long-term, government-backed contracts.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 115.20.

A number of research analysts recently commented on the company. Jefferies Financial Group restated a "buy" rating and set a GBX 118 price objective on shares of Primary Health Properties in a research note on Friday, July 31st. 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 reissued 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 upped 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.

Primary Health Properties Stock Performance

Shares of PHP stock opened at GBX 91.70 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. The business has a 50 day moving average of GBX 94.62 and a two-hundred day moving average of GBX 94.98. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 109.60. The company has a market cap of £2.38 billion, a P/E ratio of 15.28, a PEG ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, analysts anticipate 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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