JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Primary Health Properties (LON:PHP) Stock

Key Points

• JPMorgan raised its price target on Primary Health Properties from GBX 100 to GBX 105 while keeping a "neutral" rating, implying about a 9.2% upside from the prior close.
• Analyst sentiment is generally positive: four analysts rate the stock a Buy and one a Hold, giving a consensus of "Moderate Buy" with an average target of GBX 115.50.
• The stock is trading around GBX 96.15 (1‑year range GBX 87.40–109.60) with a market cap of £2.50bn, a P/E of 14.57 and last quarter EPS of GBX 7.30.

Primary Health Properties (LON:PHP - Get Free Report) had its price target lifted by investment analysts at JPMorgan Chase & Co. from GBX 100 to GBX 105 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 9.20% from the stock's previous close.

Several other analysts also recently commented on PHP. Deutsche Bank Aktiengesellschaft increased their target price on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a "buy" rating in a report on Friday, March 20th. Berenberg Bank increased their target price on shares of Primary Health Properties from GBX 122 to GBX 128 and gave the company a "buy" rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 115.50.

Primary Health Properties Stock Up 4.2%

Primary Health Properties stock opened at GBX 96.15 on Wednesday. Primary Health Properties has a 1-year low of GBX 87.40 and a 1-year high of GBX 109.60. The firm has a market capitalization of £2.50 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 5.64 and a beta of 0.80. The firm's fifty day moving average price is GBX 101.04 and its two-hundred day moving average price is GBX 97.76. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. On average, equities research analysts predict that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

Primary Health Properties Company Profile

PHP invests in flexible, modern properties for local primary healthcare. The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. 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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