Target Healthcare REIT (LON:THRL) Reaches New 12-Month High – Time to Buy?

Target Healthcare REIT (LON:THRL) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 117 and last traded at GBX 113.40, with a volume of 132837 shares changing hands. The stock had previously closed at GBX 113.36.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 101 price target on shares of Target Healthcare REIT in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Target Healthcare REIT currently has an average rating of “Hold” and a consensus price target of GBX 101.

Target Healthcare REIT Stock Down 0.2%

The firm’s 50 day simple moving average is GBX 109.55 and its two-hundred day simple moving average is GBX 106.12. The stock has a market capitalization of £701.88 million, a P/E ratio of 9.00, a P/E/G ratio of 1.48 and a beta of 0.70.

About Target Healthcare REIT

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.