Primary Health Properties Plc (LON:PHP) Stock Has Average Price Target of GBX 112.60 According to Brokerages

Key Points

• Analysts maintain a Moderate Buy consensus on Primary Health Properties, with four buy ratings and one hold. The average 12-month price target is GBX 112.60, versus a recent opening price of GBX 94.15.
• Recent broker actions were broadly positive: Jefferies and Deutsche Bank reiterated buy ratings, while Berenberg reduced its target from GBX 133 to GBX 131 but retained a buy recommendation.
• Insiders purchased 249,681 shares during the last quarter, including significant buys by Mark Davies and Richard Howell, indicating insider confidence in the company.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 112.60.

Several equities analysts have recently weighed in on PHP shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 107 price objective on shares of Primary Health Properties in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Berenberg Bank cut their price target on shares of Primary Health Properties from GBX 133 to GBX 131 and set a "buy" rating on the stock in a research note on Monday, October 26th. Finally, Shore Capital Group reiterated a "house stock" rating on shares of Primary Health Properties in a report on Thursday, July 30th.

Primary Health Properties Stock Performance

Shares of Primary Health Properties stock opened at GBX 94.15 on Friday. The stock's fifty day simple moving average is GBX 92.49 and its 200 day simple moving average is GBX 95.76. 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 market capitalization of £2.44 billion, a PE ratio of 15.69, a PEG 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 earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. On average, research analysts predict that Primary Health Properties will post 7.09 EPS for the current year.

Insider Transactions at Primary Health Properties

In other news, insider Mark Davies purchased 140,759 shares of the business's stock in a transaction dated Tuesday, October 27th. The shares were bought at an average cost of GBX 93 per share, for a total transaction of £130,905.87. Also, insider Richard Howell acquired 54,659 shares of Primary Health Properties stock in a transaction dated Friday, October 23rd. The shares were purchased at an average cost of GBX 91 per share, with a total value of £49,739.69. In the last quarter, insiders have acquired 249,681 shares of company stock valued at $23,109,497. Corporate 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.

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