Berenberg Bank Forecasts Strong Price Appreciation for Primary Health Properties (LON:PHP) Stock

Primary Health Properties (LON:PHP) had its price target boosted by investment analysts at Berenberg Bank from GBX 128 to GBX 133 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price target suggests a potential upside of 38.69% from the company’s current price.

PHP has been the topic of several other research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Friday, July 31st. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Primary Health Properties has an average rating of “Moderate Buy” and an average target price of GBX 115.20.

Primary Health Properties Price Performance

PHP opened at GBX 95.90 on Friday. The company has a fifty day moving average price of GBX 93.91 and a two-hundred day moving average price of GBX 96.50. The firm has a market capitalization of £2.49 billion, a PE ratio of 15.98, a P/E/G ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 109.60. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88.

Primary Health Properties (LON:PHP) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, analysts anticipate that Primary Health Properties will post 7.0875912 earnings per share for the current year.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

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.