Primary Health Properties (LON:PHP) Receives “House Stock” Rating from Shore Capital Group

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

A number of other analysts also recently weighed in on PHP. Jefferies Financial Group restated a “buy” rating and issued a GBX 118 price objective on shares of Primary Health Properties in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Berenberg Bank restated a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a research report on Friday, April 24th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a research note on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 114.20.

Primary Health Properties Stock Up 3.3%

Shares of LON:PHP opened at GBX 94.80 on Wednesday. The company has a fifty day moving average of GBX 92.98 and a 200-day moving average of GBX 97.63. The company has a market capitalization of £2.46 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. Primary Health Properties has a 52-week low of GBX 87.40 and a 52-week 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.