Analysts Set Primary Health Properties Plc (LON:PHP) PT at GBX 113.40

Shares of Primary Health Properties Plc (LON:PHP) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 113.40.

Several equities analysts have issued reports on PHP shares. Deutsche Bank Aktiengesellschaft lifted their target price on Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. increased their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Stifel Nicolaus restated a “buy” rating and issued a GBX 105 price target on shares of Primary Health Properties in a report on Wednesday. Finally, Berenberg Bank lifted their price target on shares of Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a report on Monday, January 26th.

Primary Health Properties Stock Performance

Primary Health Properties stock opened at GBX 97.90 on Wednesday. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. The company has a market capitalization of £2.54 billion, a PE ratio of 14.83, a P/E/G ratio of 5.64 and a beta of 0.80. The company has a 50 day moving average price of GBX 99.61 and a 200-day moving average price of GBX 98.01. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, equities analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current 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.