Primary Health Properties’ (PHP) “Buy” Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group reissued their buy rating on shares of Primary Health Properties (LON:PHP – Free Report) in a research report released on Thursday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 107 target price on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on PHP. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Finally, Berenberg Bank lifted their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 113.

Check Out Our Latest Stock Analysis on Primary Health Properties

Primary Health Properties Stock Up 1.1%

Shares of LON PHP opened at GBX 91 on Thursday. The stock has a market capitalization of £2.36 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a 50-day moving average price of GBX 93.05 and a 200-day moving average price of GBX 93.39. Primary Health Properties has a 1 year low of GBX 88.30 and a 1 year high of GBX 109.60. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP – Get Free Report) last posted its earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) EPS for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. On average, equities research analysts forecast that Primary Health Properties will post 7.09 EPS for the current fiscal year.

Primary Health Properties Company Profile

(Get Free Report)

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

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.

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