Primary Health Properties Plc (LON:PHP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Primary Health Properties Plc (LON:PHP) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 113.40.

A number of equities research analysts recently weighed in on PHP shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Primary Health Properties in a report on Wednesday, April 29th. 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. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Wednesday, April 29th.

Primary Health Properties Price Performance

Primary Health Properties stock opened at GBX 91.15 on Thursday. Primary Health Properties has a 52-week low of GBX 87.40 and a 52-week high of GBX 109.60. The firm has a fifty day moving average of GBX 93.20 and a 200-day moving average of GBX 98.07. The firm has a market capitalization of £2.37 billion, a P/E ratio of 13.81, a PEG ratio of 5.64 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, analysts predict that Primary Health Properties will post 7.0875912 EPS for the current year.

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.