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

Key Points

• The stock price of Primary Health Properties Plc fell below its 200-day moving average, trading as low as GBX 90.55 ($1.22).
• Despite recent declines, Shore Capital maintains a "buy" rating for the stock, which currently has an average price target of GBX 105.
• Recent insider transactions indicate confidence in the company, with key insiders purchasing a total of 753,169 shares within the last ninety days.

Primary Health Properties Plc (LON:PHP - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 96.22 ($1.30) and traded as low as GBX 90.55 ($1.22). Primary Health Properties shares last traded at GBX 90.86 ($1.22), with a volume of 5,891,537 shares traded.

Analyst Ratings Changes

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

Primary Health Properties Trading Down 0.8%

The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The stock's 50-day moving average is GBX 91.90 and its two-hundred day moving average is GBX 96.22. The stock has a market cap of £2.32 billion, a P/E ratio of 1,251.86, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41.

Primary Health Properties (LON:PHP - Get Free Report) last released 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%. Equities research analysts anticipate that Primary Health Properties Plc will post 7.0875912 EPS for the current year.

Insider Buying and Selling

In related news, insider Richard Howell purchased 231,564 shares of Primary Health Properties stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of GBX 89 per share, with a total value of £206,091.96. Also, insider Mark Davies bought 77,820 shares of the business's stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of GBX 96 per share, for a total transaction of £74,707.20. Insiders have bought a total of 753,169 shares of company stock worth $69,983,588 over the last ninety days. 1.05% of the stock is owned by insiders.

About Primary Health Properties

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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