Primary Health Properties Plc (LON:PHP) Stock Has Average Price Target of GBX 115.20

Primary Health Properties Plc (LON:PHP) has received an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 115.20.

PHP has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a research report on Thursday, October 1st. Berenberg Bank upped their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research report 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.

Primary Health Properties Price Performance

PHP stock opened at GBX 89.40 on Wednesday. The company has a fifty day moving average price of GBX 93.55 and a 200-day moving average price of GBX 93.41. The company has a market capitalization of £2.32 billion, a P/E ratio of 14.90, a PEG ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 52-week low of GBX 87.55 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 issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. As a group, equities analysts expect that Primary Health Properties will post 7.09 EPS for the current year.

About Primary Health Properties

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.