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

Key Points

• Primary Health Properties has a consensus analyst rating of “Moderate Buy”, based on coverage from five analysts: four buy ratings and one hold.
• The average 12-month price target for the stock is GBX 114.20, with recent broker targets ranging from GBX 105 to GBX 118.
• Shares opened at GBX 93.70, below the analyst average target, while the company reported a market cap of £2.43 billion and a 12-month trading range of GBX 87.40 to GBX 109.60.

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 114.20.

A number of brokerages have recently weighed in on PHP. JPMorgan Chase & Co. lifted their price objective on Primary Health Properties from GBX 100 to GBX 105 and gave the stock a "neutral" rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 115 price target on shares of Primary Health Properties in a report on Thursday, June 25th. Stifel Nicolaus reissued a "buy" rating and set a GBX 105 price objective on shares of Primary Health Properties in a research report on Wednesday, April 15th. Shore Capital Group restated a "house stock" rating on shares of Primary Health Properties in a report on Friday, July 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 118 target price on shares of Primary Health Properties in a research report on Thursday, July 2nd.

Primary Health Properties Price Performance

Shares of Primary Health Properties stock opened at GBX 93.70 on Friday. The firm has a market cap of £2.43 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48. The company's fifty day simple moving average is GBX 93 and its two-hundred day simple moving average is GBX 97.23.

Primary Health Properties Company Profile

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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