Target Healthcare REIT (LON:THRL) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

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 98.51 and traded as high as GBX 105.40. Target Healthcare REIT shares last traded at GBX 103.80, with a volume of 631,252 shares trading hands.

Analyst Upgrades and Downgrades

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

Target Healthcare REIT Trading Down 0.8%

The firm has a market capitalization of £643.81 million, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 34.92, a quick ratio of 1.52 and a current ratio of 7.20. The company has a 50 day moving average price of GBX 98.51 and a two-hundred day moving average price of GBX 97.07.

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.