Barclays Initiates Coverage on Primary Health Properties (LON:PHP)

Investment analysts at Barclays began coverage on shares of Primary Health Properties (LON:PHP) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm set an “overweight” rating and a GBX 160 ($2.09) price target on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 8.11% from the company’s current price.

A number of other analysts have also recently weighed in on PHP. Liberum Capital reaffirmed a “hold” rating on shares of Primary Health Properties in a research note on Monday, November 25th. Berenberg Bank began coverage on shares of Primary Health Properties in a research note on Friday, November 29th. They set a “hold” rating and a GBX 150 ($1.96) target price on the stock. Finally, Peel Hunt reissued an “add” rating on shares of Primary Health Properties in a research note on Tuesday.

LON PHP opened at GBX 148 ($1.93) on Tuesday. The firm’s fifty day moving average price is GBX 142.06 and its two-hundred day moving average price is GBX 136.56. The stock has a market cap of $1.80 billion and a PE ratio of -17.41. Primary Health Properties has a fifty-two week low of GBX 107.60 ($1.41) and a fifty-two week high of GBX 147.60 ($1.93). The company has a debt-to-equity ratio of 106.19, a quick ratio of 0.20 and a current ratio of 0.20.

Primary Health Properties Company Profile

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.

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