Primary Health Properties (LON:PHP) Stock Passes Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Primary Health Properties Plc (LON:PHP – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.97 and traded as low as GBX 93.65. Primary Health Properties shares last traded at GBX 94.15, with a volume of 45,229,859 shares changing hands.

Analyst Upgrades and Downgrades

PHP has been the topic of several research reports. Jefferies Financial Group upped their price objective on Primary Health Properties from GBX 110 to GBX 114 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 114.

Check Out Our Latest Research Report on Primary Health Properties

Primary Health Properties Trading Down 0.2%

The stock has a market capitalization of £2.44 billion, a P/E ratio of 13.06, a PEG ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The business’s 50 day simple moving average is GBX 94.38 and its 200-day simple moving average is GBX 94.97.

Insider Buying and Selling at Primary Health Properties

In related news, insider Richard Howell purchased 231,564 shares of Primary Health Properties stock in a transaction dated Friday, September 19th. The shares were acquired at an average cost of GBX 89 per share, for a total transaction of £206,091.96. 1.04% of the stock is currently owned by company insiders.

Primary Health Properties Company Profile

(Get Free Report)

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.

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