Primary Health Properties (LON:PHP – Get Rating) had its price objective dropped by stock analysts at Barclays from GBX 160 ($1.94) to GBX 140 ($1.70) in a report released on Monday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 3.17% from the stock’s previous close.
Separately, Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.06) price objective on shares of Primary Health Properties in a research note on Thursday, March 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 167.20 ($2.02).
LON:PHP opened at GBX 135.70 ($1.64) on Monday. The company has a market capitalization of £1.81 billion and a PE ratio of 1,357.00. The company has a 50 day simple moving average of GBX 142.29 and a two-hundred day simple moving average of GBX 143.69. The company has a debt-to-equity ratio of 85.37, a quick ratio of 0.65 and a current ratio of 0.73. Primary Health Properties has a fifty-two week low of GBX 129 ($1.56) and a fifty-two week high of GBX 170.20 ($2.06).
Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.
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