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

Shares of Primary Health Properties Plc (LON:PHP) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 115.20.

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

Primary Health Properties Stock Down 0.3%

Shares of Primary Health Properties stock opened at GBX 91.70 on Friday. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62. Primary Health Properties has a 1-year low of GBX 87.40 and a 1-year high of GBX 109.60. The business’s fifty day moving average price is GBX 94.62 and its two-hundred day moving average price is GBX 94.98. The company has a market capitalization 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 released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, research analysts forecast 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.