Primary Health Properties Plc (LON:PHP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Primary Health Properties Plc (LON:PHP) have received an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 115.20.

A number of research firms have issued reports on PHP. Berenberg Bank raised their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a research note on Friday, August 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 118 price target on shares of Primary Health Properties in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a research report on Friday, July 31st. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th.

Primary Health Properties Trading Up 1.6%

Shares of LON PHP opened at GBX 91.90 on Wednesday. The company has a market cap of £2.38 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 12-month low of GBX 88.30 and a 12-month high of GBX 109.60. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. The stock’s 50 day simple moving average is GBX 93.34 and its 200 day simple moving average is GBX 93.40.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. Equities research analysts expect that Primary Health Properties will post 7.09 EPS for the current year.

Primary Health Properties Company Profile

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.