Target Healthcare REIT (LON:THRL) Stock Passes Above 50 Day Moving Average – Here’s Why

Target Healthcare REIT (LON:THRL)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 108.85 and traded as high as GBX 116.80. Target Healthcare REIT shares last traded at GBX 116, with a volume of 933,897 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 101 price objective on shares of Target Healthcare REIT in a research report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 101.

Target Healthcare REIT Stock Performance

The company’s fifty day moving average price is GBX 109.06 and its two-hundred day moving average price is GBX 105.77. The firm has a market capitalization of £710.92 million, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.70.

About Target Healthcare REIT

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.