Primary Health Properties Plc (LON:PHP) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

PHP has been the subject of a number of research reports. Berenberg Bank lifted their price objective on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 118 target price 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 note on Thursday, July 30th.

Primary Health Properties Stock Down 0.2%

Primary Health Properties stock opened at GBX 94.70 on Tuesday. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two 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. The firm has a 50 day moving average price of GBX 94.10 and a 200 day moving average price of GBX 96.36. The company has a market capitalization of £2.46 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

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