Primary Health Properties (LON:PHP) Earns “Overweight” Rating from Barclays

Primary Health Properties (LON:PHPGet Rating)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a research report issued on Tuesday, MarketBeat reports. They presently have a GBX 160 ($2.08) price target on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 6.52% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 175 ($2.28) price objective on shares of Primary Health Properties in a research note on Friday, February 11th. Berenberg Bank reissued a “hold” rating and issued a GBX 170 ($2.21) price objective on shares of Primary Health Properties in a research note on Thursday, March 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from, the stock has an average rating of “Buy” and an average target price of GBX 173.33 ($2.26).

Shares of Primary Health Properties stock opened at GBX 150.20 ($1.95) on Tuesday. The company has a market cap of £2.00 billion and a PE ratio of 15.34. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 85.37. The company has a 50 day moving average of GBX 142.71 and a 200-day moving average of GBX 147.18. Primary Health Properties has a 1-year low of GBX 129 ($1.68) and a 1-year high of GBX 170.20 ($2.21).

About Primary Health Properties (Get Rating)

Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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