Primary Health Properties (LON:PHP) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Primary Health Properties shares fell below their 200-day moving average, trading as low as GBX 88.45 ($1.20), highlighting a significant decline in price.
• Despite the recent drop, analysts, including Shore Capital, have maintained a "buy" rating on the stock, with a consensus target price of GBX 107.50.
• Insider transactions have increased recently, with executives purchasing over 521,000 shares in total, indicating confidence in the company's future performance.

Primary Health Properties Plc (LON:PHP - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 96.63 ($1.31) and traded as low as GBX 88.45 ($1.20). Primary Health Properties shares last traded at GBX 88.70 ($1.20), with a volume of 17,380,125 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of Primary Health Properties in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Primary Health Properties currently has an average rating of "Buy" and a consensus target price of GBX 107.50.

Primary Health Properties Stock Performance

The stock has a market capitalization of £2.21 billion, a price-to-earnings ratio of 1,230.56, a PEG ratio of 5.64 and a beta of 0.41. The stock's 50 day moving average is GBX 94.13 and its 200 day moving average is GBX 96.63. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73.

Primary Health Properties (LON:PHP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported GBX 3.50 EPS for the quarter. Primary Health Properties had a negative net margin of 4.84% and a negative return on equity of 0.61%. On average, analysts predict that Primary Health Properties Plc will post 7.0875912 earnings per share for the current year.

Insider Activity at Primary Health Properties

In other news, insider Ivonne Cantu purchased 20,764 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of GBX 96 per share, with a total value of £19,933.44. Also, insider Ian Krieger purchased 162,800 shares of the firm's stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of GBX 92 per share, for a total transaction of £149,776. Insiders acquired 521,605 shares of company stock worth $49,374,392 over the last three months. Company insiders own 1.27% of the company's stock.

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.

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