Primary Health Properties’ (PHP) “Buy” Rating Reiterated at Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 118 target price on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential upside of 25.13% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Berenberg Bank restated a “buy” rating and issued a GBX 128 target price on shares of Primary Health Properties in a report on Friday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 105 price target on shares of Primary Health Properties in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 114.20.

Primary Health Properties Stock Performance

LON:PHP opened at GBX 94.30 on Thursday. The company has a market capitalization of £2.45 billion, a PE ratio of 14.29, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a 50 day simple moving average of GBX 93 and a two-hundred day simple moving average of GBX 97.64. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60.

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.