Target Healthcare REIT (LON:THRL) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRL) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 95.37 and traded as high as GBX 97.90. Target Healthcare REIT shares last traded at GBX 94.10, with a volume of 5,933,598 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on shares of Target Healthcare REIT from GBX 99 to GBX 101 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Target Healthcare REIT has a consensus rating of “Buy” and a consensus price target of GBX 101.

Target Healthcare REIT Price Performance

The company has a market capitalization of £583.02 million, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 1.48 and a beta of 0.44. The business’s 50-day moving average is GBX 95.30 and its two-hundred day moving average is GBX 97.62. The company has a quick ratio of 1.52, a current ratio of 7.20 and a debt-to-equity ratio of 34.92.

Target Healthcare REIT (LON:THRL) last issued its quarterly earnings data on Tuesday, October 14th. The company reported GBX 5.97 earnings per share (EPS) for the quarter. Target Healthcare REIT had a net margin of 104.99% and a return on equity of 10.78%. As a group, analysts predict that Target Healthcare REIT will post 6.2219101 earnings per share for the current year.

Target Healthcare REIT Company Profile

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.