Primary Health Properties (LON:PHP) Share Price Crosses Above 200 Day Moving Average - What's Next?

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 95.51 ($1.31) and traded as high as GBX 101.20 ($1.39). Primary Health Properties shares last traded at GBX 101 ($1.39), with a volume of 13,762,341 shares.

Analysts Set New Price Targets

PHP has been the topic of several recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 105 ($1.44) price objective on shares of Primary Health Properties in a research report on Monday, March 3rd. Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a report on Monday, May 19th.

Primary Health Properties Stock Performance

The company has a market cap of £1.34 billion, a P/E ratio of -155.24, a PEG ratio of 5.64 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73. The company has a 50 day moving average price of GBX 100.56 and a 200-day moving average price of GBX 95.61.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP's, government healthcare bodies, pharmacies and other providers of related healthcare services.