Primary Health Properties (LON:PHP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Primary Health Properties Plc (LON:PHP) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.72 and traded as high as GBX 97.50. Primary Health Properties shares last traded at GBX 97.45, with a volume of 4,786,035 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 114.

Primary Health Properties Stock Up 0.5%

The firm has a market capitalization of £2.53 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 5.64 and a beta of 0.41. The firm has a fifty day moving average price of GBX 91.42 and a 200 day moving average price of GBX 95.69. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50.

Insider Activity at Primary Health Properties

In other news, insider Ian Krieger bought 162,800 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of GBX 92 per share, for a total transaction of £149,776. Also, insider Richard Howell bought 231,564 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of GBX 89 per share, for a total transaction of £206,091.96. Insiders have purchased a total of 426,632 shares of company stock valued at $38,636,036 over the last quarter. Insiders own 1.04% of the company’s stock.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.