Target Healthcare REIT (LON:THRL) Shares Cross Above Fifty Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRL)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 106.17 and traded as high as GBX 109. Target Healthcare REIT shares last traded at GBX 108.20, with a volume of 709,484 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 101 price target on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Trading Up 0.4%

The firm has a market cap of £671.10 million, a P/E ratio of 8.61, a PEG ratio of 1.48 and a beta of 0.69. The firm has a 50-day simple moving average of GBX 106.17 and a 200-day simple moving average of GBX 103.32.

Target Healthcare REIT Company Profile

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.