Target Healthcare REIT (LON:THRL) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Target Healthcare REIT (LON:THRL) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 110.71 and traded as high as GBX 113. Target Healthcare REIT shares last traded at GBX 110, with a volume of 869,779 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 101.

Target Healthcare REIT Trading Down 0.4%

The company has a fifty day moving average price of GBX 110.82 and a 200-day moving average price of GBX 106.85. The firm has a market capitalization of £683.50 million, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71.

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.