Primary Health Properties Plc (LON:PHP) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Primary Health Properties has an average “Moderate Buy” rating, with four analysts recommending buy and one advising hold. The average 12-month price target is GBX 115.20, above the stock’s opening price of GBX 94.70.
• Recent broker updates remained positive: Berenberg raised its price target to GBX 133, while Jefferies and Deutsche Bank maintained buy ratings with targets of GBX 118 and GBX 115, respectively.
• PHP reported quarterly earnings of GBX 3.80 per share, alongside a 43.30% net margin and 6.20% return on equity. The healthcare-property REIT focuses on long-term leased UK and Irish healthcare assets and has a 30-year record of dividend growth.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) have received an average recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 115.20.

PHP has been the topic of a number of recent analyst reports. Shore Capital Group reiterated a "house stock" rating on shares of Primary Health Properties in a report on Thursday, July 30th. Jefferies Financial Group reissued a "buy" rating and set a GBX 118 target price on shares of Primary Health Properties in a research note on Friday, July 31st. Berenberg Bank lifted their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a "buy" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Friday, July 31st.

Primary Health Properties Price Performance

Primary Health Properties stock opened at GBX 94.70 on Tuesday. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The stock has a market cap of £2.46 billion, a P/E ratio of 15.78, a PEG ratio of 5.64 and a beta of 0.79. The company has a 50-day moving average price of GBX 94.10 and a 200 day moving average price of GBX 96.36. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37.

Primary Health Properties (LON:PHP - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Sell-side analysts anticipate that Primary Health Properties will post 7.0875912 earnings per share for the current year.

About Primary Health Properties

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland. The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth. To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.

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