Primary Health Properties (LON:PHP) Reaches New 12-Month High – Here’s What Happened

Primary Health Properties Plc (LON:PHP)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 106.20 and last traded at GBX 106.10, with a volume of 1180270 shares traded. The stock had previously closed at GBX 105.20.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a report on Tuesday, October 28th. Berenberg Bank raised their price target on Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 121.

Primary Health Properties Price Performance

The business has a fifty day moving average of GBX 100.88 and a 200 day moving average of GBX 95.81. The stock has a market cap of £2.80 billion, a PE ratio of 14.99, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62.

Primary Health Properties Company Profile

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.