Primary Health Properties (LON:PHP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Primary Health Properties Plc (LON:PHP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 95.17 and traded as low as GBX 94.05. Primary Health Properties shares last traded at GBX 95.11, with a volume of 6,275,217 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PHP shares. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, September 3rd. Jefferies Financial Group upped their price target on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 114.

Primary Health Properties Stock Performance

The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The stock has a 50-day moving average price of GBX 93.05 and a 200-day moving average price of GBX 95.19. The firm has a market capitalization of £2.52 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41.

Insider Activity at Primary Health Properties

In related news, insider Richard Howell purchased 231,564 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was acquired at an average price of GBX 89 per share, with a total value of £206,091.96. Company insiders own 1.04% of the company’s stock.

About Primary Health Properties

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.