Primary Health Properties PLC (LON:PHP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Primary Health Properties PLC (LON:PHPGet Rating) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 173.33 ($2.26).

PHP has been the subject of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 170 ($2.21) price target on shares of Primary Health Properties in a report on Thursday, March 31st. Barclays restated an “overweight” rating and set a GBX 160 ($2.08) price objective on shares of Primary Health Properties in a research report on Tuesday. Finally, Peel Hunt restated a “buy” rating and set a GBX 175 ($2.28) price objective on shares of Primary Health Properties in a research report on Friday, February 11th.

Primary Health Properties stock opened at GBX 149.80 ($1.95) on Thursday. The company has a debt-to-equity ratio of 85.37, a quick ratio of 0.65 and a current ratio of 0.73. Primary Health Properties has a 52 week low of GBX 129 ($1.68) and a 52 week high of GBX 170.20 ($2.21). The stock has a market capitalization of £2.00 billion and a P/E ratio of 15.22. The stock has a fifty day moving average of GBX 142.97 and a 200-day moving average of GBX 147.16.

The company also recently disclosed a dividend, which will be paid on Friday, May 20th. Investors of record on Thursday, March 31st will be given a dividend of GBX 1.63 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 31st. This represents a yield of 1.11%. Primary Health Properties’s dividend payout ratio is currently 0.63%.

Primary Health Properties Company Profile (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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Analyst Recommendations for Primary Health Properties (LON:PHP)

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