Primary Health Properties (LON:PHP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Primary Health Properties Plc (LON:PHP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.72 and traded as high as GBX 97.50. Primary Health Properties shares last traded at GBX 97.45, with a volume of 4,786,035 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 114.

Primary Health Properties Stock Performance

The company’s 50-day moving average is GBX 91.42 and its two-hundred day moving average is GBX 95.72. The company has a market capitalization of £2.53 billion, a P/E ratio of 13.53, a PEG ratio of 5.64 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73.

Insiders Place Their Bets

In related news, insider Ian Krieger purchased 162,800 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of GBX 92 per share, with a total value of £149,776. Also, insider Richard Howell acquired 231,564 shares of the stock in a transaction dated Friday, September 19th. The shares were bought at an average price of GBX 89 per share, for a total transaction of £206,091.96. Insiders purchased a total of 426,632 shares of company stock valued at $38,636,036 in the last quarter. Corporate insiders own 1.04% of the company’s stock.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.