Primary Health Properties (LON:PHP) Given “House Stock” Rating at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of Primary Health Properties (LON:PHP) in a research note published on Friday morning, Marketbeat.com reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 118 price target on shares of Primary Health Properties in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 105 price target on shares of Primary Health Properties in a research note on Wednesday, April 15th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Primary Health Properties presently has an average rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Price Performance

PHP stock opened at GBX 94.45 on Friday. The stock’s 50 day moving average price is GBX 92.87 and its 200 day moving average price is GBX 97.33. The firm has a market cap of £2.45 billion, a P/E ratio of 14.31, a PEG ratio of 5.64 and a beta of 0.79. 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 has a 1 year low of GBX 87.40 and a 1 year high of GBX 109.60.

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.