Primary Health Properties (LON:PHP) Receives “Buy” Rating from Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 118 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 24.87% from the company’s previous close.

Several other analysts have also issued reports on PHP. JPMorgan Chase & Co. boosted their target price on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Wednesday, April 29th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 price objective on shares of Primary Health Properties in a report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 114.20.

Primary Health Properties Price Performance

Primary Health Properties stock opened at GBX 94.50 on Wednesday. The business’s 50 day simple moving average is GBX 92.98 and its 200 day simple moving average is GBX 97.63. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60. The company has a market cap of £2.45 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 5.64 and a beta of 0.79. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48.

Primary Health Properties Company Profile

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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.