Primary Health Properties Plc (LON:PHP) Receives GBX 113.40 Average PT from Brokerages

Primary Health Properties Plc (LON:PHP) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 113.40.

Several equities research analysts have recently commented on PHP shares. Deutsche Bank Aktiengesellschaft upped their price target on Primary Health Properties from GBX 114 to GBX 115 and gave the stock a “buy” rating in a research note on Friday, March 20th. Stifel Nicolaus restated a “buy” rating and set a GBX 105 price target on shares of Primary Health Properties in a research note on Wednesday, April 15th. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Wednesday, April 29th. Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th.

Primary Health Properties Price Performance

Shares of LON PHP opened at GBX 91.30 on Thursday. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. Primary Health Properties has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60. The stock has a 50 day moving average of GBX 93.20 and a two-hundred day moving average of GBX 97.91. The stock has a market cap of £2.37 billion, a P/E ratio of 13.83, a P/E/G ratio of 5.64 and a beta of 0.79.

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

About Primary Health Properties

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.