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Primary Health Properties (LON:PHP) Shares Pass Below 200 Day Moving Average - Time to Sell?

Primary Health Properties logo with Real Estate background

Key Points

  • Primary Health Properties Plc shares fell below their 200-day moving average, trading as low as GBX 88.65, with a last traded price of GBX 89.40.
  • Shore Capital maintains a "buy" rating on the stock, which has a consensus price target of GBX 105 and an average rating of "Buy" from analysts.
  • Insider transactions have occurred, with insiders purchasing a total of 521,605 shares valued at approximately $49.4 million over the past 90 days, indicating confidence in the company.
  • Interested in Primary Health Properties? Here are five stocks we like better.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 96.53 ($1.30) and traded as low as GBX 88.65 ($1.19). Primary Health Properties shares last traded at GBX 89.40 ($1.20), with a volume of 22,219,932 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of Primary Health Properties in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 105.

Read Our Latest Stock Analysis on Primary Health Properties

Primary Health Properties Trading Up 0.0%

The business has a 50 day simple moving average of GBX 93.19 and a 200-day simple moving average of GBX 96.55. The stock has a market capitalization of £2.23 billion, a price-to-earnings ratio of 1,241.72, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. 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 released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported GBX 3.50 EPS for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. On average, equities 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 Primary Health Properties news, insider Ian Krieger acquired 162,800 shares of the company's stock in a transaction on Monday, August 18th. The shares were bought at an average cost of GBX 92 per share, for a total transaction of £149,776. Also, insider Laure Duhot purchased 20,868 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of GBX 96 per share, with a total value of £20,033.28. Insiders bought 753,169 shares of company stock worth $69,983,588 over the last ninety days. Company insiders own 1.27% of the company's stock.

About Primary Health Properties

(Get Free Report)

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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