Primary Health Properties (LON:PHP) Shares Pass Below 200-Day Moving Average – Should You Sell?

Primary Health Properties Plc (LON:PHP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.87 ($1.28) and traded as low as GBX 93.15 ($1.24). Primary Health Properties shares last traded at GBX 94.60 ($1.26), with a volume of 26,143,936 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Primary Health Properties in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Primary Health Properties currently has an average rating of “Buy” and an average target price of GBX 105.

Primary Health Properties Stock Performance

The firm’s 50-day moving average price is GBX 90.88 and its two-hundred day moving average price is GBX 95.87. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73. The firm has a market capitalization of £2.42 billion, a PE ratio of 13.08, a P/E/G ratio of 5.64 and a beta of 0.41.

Primary Health Properties (LON:PHP) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported GBX 3.50 EPS for the quarter. Primary Health Properties had a negative net margin of 4.84% and a negative return on equity of 0.61%. As a group, research analysts predict that Primary Health Properties Plc will post 7.0875912 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Primary Health Properties news, insider Mark Davies bought 77,820 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of GBX 96 per share, with a total value of £74,707.20. Also, insider Harry Abraham Hyman purchased 4,055 shares of the stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of GBX 91 per share, for a total transaction of £3,690.05. Over the last three months, insiders have bought 753,169 shares of company stock valued at $69,983,588. 1.05% of the stock is currently owned by company insiders.

Primary Health Properties Company Profile

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.