Primary Health Properties (LON:PHP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Primary Health Properties (LON:PHP) had its price target upped by JPMorgan Chase & Co. from GBX 100 to GBX 105 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.88% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Berenberg Bank boosted their price target on Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Primary Health Properties from GBX 114 to GBX 115 and gave the stock a “buy” rating in a research report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 115.50.

Primary Health Properties Trading Down 1.0%

Shares of Primary Health Properties stock opened at GBX 94.70 on Wednesday. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The stock has a market cap of £2.46 billion, a P/E ratio of 14.35, a P/E/G ratio of 5.64 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48. The business’s 50 day moving average is GBX 100.64 and its 200-day moving average is GBX 97.73.

Primary Health Properties (LON:PHP) last announced its quarterly earnings results on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.03% and a net margin of 45.95%. Equities research analysts predict that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

About Primary Health Properties

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.