Primary Health Properties Plc (LON:PHP) Given Average Recommendation of “Moderate Buy” by Brokerages

Primary Health Properties Plc (LON:PHP) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 113.40.

PHP has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 105 price target on shares of Primary Health Properties in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a report on Friday, April 24th.

Primary Health Properties Price Performance

LON:PHP opened at GBX 93.90 on Friday. Primary Health Properties has a one year low of GBX 87.40 and a one year high of GBX 109.60. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. The stock has a market cap of £2.44 billion, a PE ratio of 14.23, a P/E/G ratio of 5.64 and a beta of 0.79. The stock has a 50 day moving average price of GBX 96.58 and a 200 day moving average price of GBX 98.39.

Primary Health Properties (LON:PHP) last released 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%. Equities research analysts expect that Primary Health Properties will post 7.0875912 EPS for the current fiscal 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.