Deutsche Bank Aktiengesellschaft Increases Primary Health Properties (LON:PHP) Price Target to GBX 115

Primary Health Properties (LON:PHP) had its price target lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 114 to GBX 115 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 24.87% from the company’s current price.

Separately, Berenberg Bank increased their price target on Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 119.

Primary Health Properties Stock Down 3.6%

PHP opened at GBX 92.10 on Friday. The stock has a market capitalization of £2.39 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 5.64 and a beta of 0.96. Primary Health Properties has a one year low of GBX 87.40 and a one year high of GBX 109.60. The business’s 50-day simple moving average is GBX 104.01 and its 200-day simple moving average is GBX 97.55. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67.

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

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.