Analysts Set Primary Health Properties Plc (LON:PHP) Target Price at GBX 114.20

Shares of Primary Health Properties Plc (LON:PHP) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 114.20.

Several research firms have commented on PHP. Berenberg Bank reissued a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research report on Thursday, June 25th. Stifel Nicolaus restated a “buy” rating and set a GBX 105 price target on shares of Primary Health Properties in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th.

Primary Health Properties Price Performance

PHP opened at GBX 94.65 on Friday. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62. The company has a market capitalization of £2.46 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 5.64 and a beta of 0.79. The firm’s fifty day moving average price is GBX 93.08 and its two-hundred day moving average price is GBX 97.20. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year high of GBX 109.60.

About Primary Health Properties

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

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.