Target Healthcare REIT (LON:THRL) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Target Healthcare REIT (LON:THRL)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 95.03 and traded as high as GBX 96.30. Target Healthcare REIT shares last traded at GBX 95.30, with a volume of 921,851 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their price target on Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 101.

Target Healthcare REIT Stock Performance

The stock has a market capitalization of £591.09 million, a P/E ratio of 9.71, a PEG ratio of 1.48 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 95.03 and its 200 day simple moving average is GBX 98.22. The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52.

Target Healthcare REIT (LON:THRL) last posted its earnings results on Tuesday, October 14th. The company reported GBX 5.97 earnings per share (EPS) for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. Research analysts expect that Target Healthcare REIT will post 6.2219101 EPS for the current fiscal year.

Target Healthcare REIT Company Profile

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.