Primary Health Properties (LON:PHP) Hits New 1-Year High Following Analyst Upgrade

Shares of Primary Health Properties Plc (LON:PHP) reached a new 52-week high on Monday after Berenberg Bank raised their price target on the stock from GBX 122 to GBX 128. Berenberg Bank currently has a buy rating on the stock. Primary Health Properties traded as high as GBX 105.50 and last traded at GBX 104.60, with a volume of 2938114 shares. The stock had previously closed at GBX 104.17.

Separately, Jefferies Financial Group increased their target price on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 121.

Primary Health Properties Trading Up 0.5%

The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73. The stock has a 50-day simple moving average of GBX 98.68 and a 200 day simple moving average of GBX 95. The company has a market cap of £2.75 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 5.64 and a beta of 0.41.

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.