Primary Health Properties (LON:PHP) Price Target Raised to GBX 128 at Berenberg Bank

Primary Health Properties (LON:PHP) had its price target increased by Berenberg Bank from GBX 122 to GBX 128 in a research note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price target suggests a potential upside of 21.56% from the company’s previous close.

Separately, Jefferies Financial Group raised their price target on shares of Primary Health Properties from GBX 110 to GBX 114 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Primary Health Properties has a consensus rating of “Buy” and a consensus target price of GBX 121.

Primary Health Properties Stock Performance

Primary Health Properties stock traded up GBX 0.70 during midday trading on Monday, reaching GBX 105.30. 7,526,824 shares of the company’s stock were exchanged, compared to its average volume of 19,796,279. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 105.50. The stock’s 50-day simple moving average is GBX 98.48 and its 200 day simple moving average is GBX 94.94. The firm has a market cap of £2.73 billion, a price-to-earnings ratio of 14.63, 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 quick ratio of 0.62 and a current ratio of 0.50.

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.