Primary Health Properties (LON:PHP) Shares Pass Above 200-Day Moving Average - What's Next?

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 94.91 ($1.29) and traded as high as GBX 103.60 ($1.41). Primary Health Properties shares last traded at GBX 101.85 ($1.39), with a volume of 13,913,216 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on PHP shares. Shore Capital reissued a "buy" rating on shares of Primary Health Properties in a report on Monday, May 19th. Jefferies Financial Group restated a "buy" rating and set a GBX 105 ($1.43) target price on shares of Primary Health Properties in a research note on Monday, March 3rd.

Primary Health Properties Price Performance

The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50. The company has a 50-day simple moving average of GBX 99.34 and a 200-day simple moving average of GBX 94.91. The company has a market cap of £1.38 billion, a price-to-earnings ratio of -160.78, a PEG ratio of 5.64 and a beta of 0.41.

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.