Primary Health Properties (LON:PHP) Receives Overweight Rating from Barclays

Primary Health Properties (LON:PHPGet Rating)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 160 ($2.00) price objective on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 13.80% from the stock’s current price.

Several other equities analysts also recently commented on PHP. Peel Hunt reiterated a “buy” rating and issued a GBX 175 ($2.19) price objective on shares of Primary Health Properties in a report on Friday, February 11th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.12) target price on shares of Primary Health Properties in a report on Thursday, March 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Primary Health Properties currently has an average rating of “Buy” and an average target price of GBX 173.33 ($2.17).

PHP stock opened at GBX 140.60 ($1.76) on Friday. Primary Health Properties has a 1-year low of GBX 129 ($1.61) and a 1-year high of GBX 170.20 ($2.13). The business’s 50 day simple moving average is GBX 145.66 and its 200 day simple moving average is GBX 146.61. 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 firm has a market capitalization of ¬£1.87 billion and a PE ratio of 14.36.

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.

Further Reading

Analyst Recommendations for Primary Health Properties (LON:PHP)

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