Peel Hunt upgraded shares of Primary Health Properties (LON:PHP) to a buy rating in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.
Separately, Liberum Capital lowered shares of Primary Health Properties to a hold rating and raised their price target for the company from GBX 125 ($1.63) to GBX 130 ($1.70) in a research note on Monday, March 25th.
Shares of LON PHP opened at GBX 132.45 ($1.73) on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 88.06. Primary Health Properties has a 52-week low of GBX 0.96 ($0.01) and a 52-week high of GBX 133.20 ($1.74). The stock has a market capitalization of $1.50 billion and a price-to-earnings ratio of 13.52.
In other news, insider Peter Cole purchased 50,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of GBX 118 ($1.54) per share, for a total transaction of £59,000 ($77,093.95). Also, insider Harry Abraham Hyman purchased 77,100 shares of the company’s stock in a transaction on Monday, February 25th. The stock was purchased at an average price of GBX 120 ($1.57) per share, for a total transaction of £92,520 ($120,893.77). Insiders acquired 127,175 shares of company stock worth $15,161,750 in the last 90 days.
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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