Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,Digital Look reports. They presently have a GBX 115 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 18.71% from the company’s current price.

Several other equities research analysts have also recently issued reports on PHP. Jefferies Financial Group reissued a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research report on Wednesday. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research note on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of Primary Health Properties in a research note on Friday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 105 target price on shares of Primary Health Properties in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Primary Health Properties has an average rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Stock Up 1.0%

PHP opened at GBX 96.88 on Thursday. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60. The business has a 50-day moving average of GBX 93.01 and a two-hundred day moving average of GBX 97.62. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62. The stock has a market capitalization of £2.51 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

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.