Brokerages Set Primary Health Properties Plc (LON:PHP) Target Price at GBX 115.20

Shares of Primary Health Properties Plc (LON:PHP) have received an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 115.20.

Several equities analysts have recently commented on PHP shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Berenberg Bank boosted their price objective 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research report on Friday, July 31st.

Primary Health Properties Stock Down 0.9%

PHP stock opened at GBX 93.05 on Friday. The firm has a market cap of £2.41 billion, a PE ratio of 15.51, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. The firm’s 50 day moving average price is GBX 94.60 and its 200-day moving average price is GBX 94.45. Primary Health Properties has a one year low of GBX 87.40 and a one year high of GBX 109.60.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. On average, equities research analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current year.

About Primary Health Properties

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.