Primary Health Properties (LON:PHP) Given Add Rating at Peel Hunt
Peel Hunt reiterated their add rating on shares of Primary Health Properties (LON:PHP) in a research note released on Tuesday morning, Digital Look reports. Peel Hunt currently has a GBX 160 ($2.10) price objective on the real estate investment trust’s stock.
Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Primary Health Properties to a hold rating and lifted their price target for the company from GBX 147 ($1.93) to GBX 155 ($2.04) in a research report on Friday, January 17th. Berenberg Bank initiated coverage on shares of Primary Health Properties in a report on Friday, November 29th. They issued a hold rating and a GBX 150 ($1.97) price objective for the company. Barclays initiated coverage on shares of Primary Health Properties in a report on Tuesday, December 3rd. They issued an overweight rating and a GBX 160 ($2.10) price objective for the company. Finally, Liberum Capital restated a buy rating on shares of Primary Health Properties in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 163 ($2.14).
Shares of PHP opened at GBX 159.40 ($2.10) on Tuesday. Primary Health Properties has a 1-year low of GBX 115.20 ($1.52) and a 1-year high of GBX 160.80 ($2.12). The stock has a market cap of $1.94 billion and a PE ratio of -18.75. The firm has a 50-day simple moving average of GBX 159 and a two-hundred day simple moving average of GBX 144.29. The company has a debt-to-equity ratio of 106.19, a current ratio of 0.20 and a quick ratio of 0.20.
In other Primary Health Properties news, insider Richard Howell acquired 28,377 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of GBX 162 ($2.13) per share, for a total transaction of £45,970.74 ($60,471.90).
About Primary Health Properties
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
Featured Story: What sectors are represented in the FTSE 100 index?
Receive News & Ratings for Primary Health Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primary Health Properties and related companies with MarketBeat.com's FREE daily email newsletter.