Primary Health Properties (LON:PHP) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Primary Health Properties (LON:PHP) in a research note published on Wednesday, Marketbeat reports.

A number of other research analysts have also issued reports on PHP. Stifel Nicolaus restated a “buy” rating and issued a GBX 105 target price on shares of Primary Health Properties in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Berenberg Bank restated a “buy” rating and issued a GBX 128 target price on shares of Primary Health Properties in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 113.40.

Primary Health Properties Price Performance

Shares of LON PHP opened at GBX 92.65 on Wednesday. The stock has a market cap of £2.40 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 5.64 and a beta of 0.80. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 109.60. The company’s 50-day moving average price is GBX 97.70 and its 200 day moving average price is GBX 98.27. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 EPS for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, research analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

Primary Health Properties Company Profile

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.