Target Healthcare REIT (LON:THRL) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Target Healthcare REIT (LON:THRL) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 98.51 and traded as high as GBX 105.40. Target Healthcare REIT shares last traded at GBX 103.80, with a volume of 631,252 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their target price on 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 101.

Target Healthcare REIT Trading Down 0.8%

The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 7.20. The stock has a market cap of £643.81 million, a price-to-earnings ratio of 10.58, a PEG ratio of 1.48 and a beta of 0.44. The business has a fifty day simple moving average of GBX 98.51 and a 200 day simple moving average of GBX 97.08.

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.