Target Healthcare REIT (LON:THRL) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Target Healthcare REIT (LON:THRL) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 95.42 and traded as high as GBX 97.70. Target Healthcare REIT shares last traded at GBX 97.60, with a volume of 3,440,905 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their price objective on shares of Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 101.

Target Healthcare REIT Price Performance

The firm has a market capitalization of £605.35 million, a price-to-earnings ratio of 9.95, a P/E/G ratio of 1.48 and a beta of 0.44. The company’s 50 day moving average is GBX 95.42 and its 200 day moving average is GBX 97.51. The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92.

Target Healthcare REIT (LON:THRL) last posted its quarterly earnings data on Tuesday, October 14th. The company reported GBX 5.97 earnings per share (EPS) for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. On average, equities research analysts anticipate that Target Healthcare REIT will post 6.2219101 earnings per share for the current fiscal year.

About Target Healthcare REIT

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.