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

Shares of Primary Health Properties Plc (LON:PHP) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 115.20.

A number of brokerages have commented on PHP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a research note on Friday, July 31st. Berenberg Bank increased their price target on Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a research report on Friday, August 14th. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 118 price objective on shares of Primary Health Properties in a research report on Friday, July 31st.

Primary Health Properties Stock Up 0.1%

Shares of LON:PHP opened at GBX 96.95 on Tuesday. The stock has a market capitalization of £2.52 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 1-year low of GBX 87.40 and a 1-year high of GBX 109.60. The company’s fifty day moving average is GBX 94.52 and its two-hundred day moving average is GBX 96.05. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88.

Primary Health Properties (LON:PHP) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 EPS for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Equities 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.