Peel Hunt reissued their add rating on shares of Primary Health Properties (LON:PHP) in a research note released on Tuesday, Digital Look reports. Peel Hunt currently has a GBX 160 ($2.10) price target on the real estate investment trust’s stock.
Several other analysts have also commented on the stock. Barclays began coverage on shares of Primary Health Properties in a research report on Tuesday, December 3rd. They set an overweight rating and a GBX 160 ($2.10) price target on the stock. Jefferies Financial Group lowered shares of Primary Health Properties to a hold rating and raised their price target for the company from GBX 147 ($1.93) to GBX 155 ($2.04) in a research report on Friday, January 17th. Berenberg Bank began coverage on shares of Primary Health Properties in a research report on Friday, November 29th. They set a hold rating and a GBX 150 ($1.97) price target on the stock. Finally, Liberum Capital restated a buy rating on shares of Primary Health Properties in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 163 ($2.14).
PHP stock opened at GBX 159.40 ($2.10) on Tuesday. The firm has a market cap of $1.94 billion and a PE ratio of -18.75. The company has a debt-to-equity ratio of 106.19, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s fifty day moving average is GBX 159 and its 200 day moving average is GBX 144.29. Primary Health Properties has a one year low of GBX 115.20 ($1.52) and a one year high of GBX 160.80 ($2.12).
In related news, insider Richard Howell acquired 28,377 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were acquired at an average cost of GBX 162 ($2.13) per share, with a total value of £45,970.74 ($60,471.90).
Primary Health Properties Company Profile
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
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