Target Healthcare REIT (LON:THRL) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRLGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 106.17 and traded as high as GBX 109. Target Healthcare REIT shares last traded at GBX 108.20, with a volume of 709,484 shares traded.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on THRL

Target Healthcare REIT Price Performance

The firm has a market cap of £671.10 million, a P/E ratio of 8.61, a PEG ratio of 1.48 and a beta of 0.69. The company’s 50 day moving average is GBX 106.17 and its two-hundred day moving average is GBX 103.32.

Target Healthcare REIT Company Profile

(Get Free Report)

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.

Further Reading

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