Primary Health Properties’ (PHP) Buy Rating Reaffirmed at Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 118 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 24.87% from the stock’s previous close.

Several other equities analysts have also recently commented on PHP. Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 price objective on shares of Primary Health Properties in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Stifel Nicolaus reissued a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a research note on Wednesday, April 15th. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.

Primary Health Properties Trading Up 2.9%

Shares of PHP opened at GBX 94.50 on Wednesday. The business’s 50-day moving average price is GBX 92.98 and its 200-day moving average price is GBX 97.63. Primary Health Properties has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60. The stock has a market cap of £2.45 billion, a PE ratio of 14.32, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48.

About Primary Health Properties

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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.