Target Healthcare REIT (LON:THRL – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 111.21 and traded as high as GBX 113.20. Target Healthcare REIT shares last traded at GBX 113.20, with a volume of 18,752,506 shares changing hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a research report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Target Healthcare REIT presently has a consensus rating of “Hold” and a consensus target price of GBX 101.
Read Our Latest Analysis on Target Healthcare REIT
Target Healthcare REIT Stock Performance
The company has a 50-day simple moving average of GBX 111.32 and a two-hundred day simple moving average of GBX 107.09. The firm has a market capitalization of £692.18 million, a P/E ratio of 8.88, a PEG ratio of 1.48 and a beta of 0.71.
About Target Healthcare REIT
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.
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