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

Shares of Primary Health Properties Plc (LON:PHP) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One 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 brokers that have updated their coverage on the stock in the last year is GBX 114.20.

A number of research firms recently commented on PHP. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 price objective on shares of Primary Health Properties in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a report on Thursday. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a report on Wednesday, June 24th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 128 price objective on shares of Primary Health Properties in a report on Friday, April 24th.

Primary Health Properties Trading Down 0.4%

Shares of Primary Health Properties stock opened at GBX 96.15 on Monday. The stock has a market cap of £2.50 billion, a P/E ratio of 14.57, a P/E/G ratio of 5.64 and a beta of 0.79. The stock’s 50 day simple moving average is GBX 93.05 and its 200-day simple moving average is GBX 97.62. Primary Health Properties has a 1-year low of GBX 87.40 and a 1-year high of GBX 109.60. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62.

Primary Health Properties Company Profile

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.