Primary Health Properties Plc (LON:PHP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Primary Health Properties Plc (LON:PHP) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 115.20.

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

Primary Health Properties Stock Performance

Shares of PHP stock opened at GBX 91.70 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. The business has a 50 day moving average of GBX 94.62 and a two-hundred day moving average of GBX 94.98. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 109.60. The company has a market cap of £2.38 billion, a P/E ratio of 15.28, a PEG ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current year.

Primary Health Properties Company Profile

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.