Primary Health Properties (LON:PHP) Given Buy Rating at Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 107 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.98% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Berenberg Bank upped their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a report on Friday, July 31st. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Primary Health Properties presently has an average rating of “Moderate Buy” and a consensus price target of GBX 113.

Primary Health Properties Stock Up 0.7%

PHP stock opened at GBX 90.69 on Thursday. The company has a fifty day moving average price of GBX 93.14 and a 200 day moving average price of GBX 93.41. 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 market cap of £2.35 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) 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%. Sell-side analysts expect that Primary Health Properties will post 7.09 earnings per share 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.