Primary Health Properties (LON:PHP) Hits New 12-Month High – Still a Buy?

Primary Health Properties Plc (LON:PHP) shares hit a new 52-week high on Monday . The stock traded as high as GBX 105.50 and last traded at GBX 104.60, with a volume of 2938114 shares traded. The stock had previously closed at GBX 104.17.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their price objective on Primary Health Properties from GBX 110 to GBX 114 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 114.

Primary Health Properties Price Performance

The stock has a market capitalization of £2.71 billion, a PE ratio of 14.52, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The stock’s fifty day moving average is GBX 98.30 and its 200-day moving average is GBX 94.88.

About Primary Health Properties

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.