Primary Health Properties (LON:PHP) Receives “Buy” Rating from Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 118 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 25.13% from the stock’s current price.

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

Primary Health Properties Stock Down 1.5%

Shares of LON PHP opened at GBX 94.30 on Thursday. The company has a market cap of £2.45 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 5.64 and a beta of 0.79. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60. The stock has a 50-day moving average price of GBX 93 and a two-hundred day moving average price of GBX 97.64.

About Primary Health Properties

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.