Target Healthcare REIT (LON:THRL) Stock Passes Above Fifty Day Moving Average – What’s Next?

Target Healthcare REIT (LON:THRLGet Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 108.85 and traded as high as GBX 116.80. Target Healthcare REIT shares last traded at GBX 116, with a volume of 933,897 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 101 price objective on shares of Target Healthcare REIT in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 101.

Read Our Latest Stock Report on THRL

Target Healthcare REIT Price Performance

The firm has a market cap of £719.47 million, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.70. The company’s 50-day moving average price is GBX 108.85 and its 200-day moving average price is GBX 105.66.

Target Healthcare REIT Company Profile

(Get Free Report)

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.

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