Primary Health Properties (LON:PHP) Shares Pass Below 200-Day Moving Average – Should You Sell?

Primary Health Properties Plc (LON:PHP)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 97.55 and traded as low as GBX 89.10. Primary Health Properties shares last traded at GBX 89.68, with a volume of 19,981,188 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PHP. Deutsche Bank Aktiengesellschaft upped their target price on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. 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 report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 119.

Primary Health Properties Trading Down 0.7%

The company has a fifty day moving average of GBX 102.78 and a two-hundred day moving average of GBX 97.55. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48. The stock has a market capitalization of £2.33 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 5.64 and a beta of 0.73.

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%. On average, research analysts expect that Primary Health Properties Plc 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.