Primary Health Properties (LON:PHP) Price Target Raised to GBX 128 at Berenberg Bank

Primary Health Properties (LON:PHP) had its price objective increased by Berenberg Bank from GBX 122 to GBX 128 in a report published on Monday morning,London Stock Exchange reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, Jefferies Financial Group lifted their price target on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 121.

Primary Health Properties Trading Up 0.4%

PHP stock traded up GBX 0.41 on Monday, reaching GBX 105.01. The company’s stock had a trading volume of 7,770,211 shares, compared to its average volume of 19,809,801. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50. The business has a fifty day simple moving average of GBX 98.48 and a two-hundred day simple moving average of GBX 94.94. The firm has a market cap of £2.73 billion, a PE ratio of 14.59, a PEG ratio of 5.64 and a beta of 0.41. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 105.50.

About Primary Health Properties

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.