Target Healthcare REIT (LON:THRL) Sets New 52-Week High – Here’s Why

Target Healthcare REIT (LON:THRL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 108.80 and last traded at GBX 105.80, with a volume of 963337 shares trading hands. The stock had previously closed at GBX 106.60.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price target on Target Healthcare REIT from GBX 99 to GBX 101 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Target Healthcare REIT presently has an average rating of “Buy” and a consensus target price of GBX 101.

Target Healthcare REIT Trading Up 0.2%

The stock has a market cap of £657.45 million, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 34.92, a current ratio of 7.20 and a quick ratio of 1.52. The company’s fifty day moving average price is GBX 102.23 and its 200-day moving average price is GBX 97.87.

Target Healthcare REIT Company Profile

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.