Primary Health Properties’ (PHP) House Stock Rating Reiterated at Shore Capital Group

Primary Health Properties (LON:PHP)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital Group in a research report issued to clients and investors on Friday,London Stock Exchange reports.

PHP has been the topic of a number of other reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a report on Thursday, July 2nd. Stifel Nicolaus restated a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a research note on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.

Primary Health Properties Stock Up 1.6%

PHP stock opened at GBX 94.40 on Friday. The stock has a market cap of £2.45 billion, a P/E ratio of 14.30, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. The stock’s fifty day simple moving average is GBX 92.86 and its two-hundred day simple moving average is GBX 97.36. Primary Health Properties has a 1-year low of GBX 87.40 and a 1-year high of GBX 109.60.

About Primary Health Properties

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.