UK's Assura up; Peel Hunt upgrades to 'buy'

Assura

19/08/2025 09:05

** British healthcare real estate investor Assura's AGRP.L shares up 1.3% at 48.30p

** Peel Hunt upgrades stock rating to "buy" from "hold" and raises PT to 60p from 43p

** Brokerage says the upgrade is to reflect the unconditional offer from Primary Health Properties, and the upside from the combination

** Last week, Primary Health Properties PHP.L said it had secured acceptances for 62.9% of Assura shares in its takeover bid for the co

** U.S.-based private equity firm KKR KKR.N and PHP had been locked in a months-long battle for Assura before the British company's board backed PHP's higher bid in June

** Six analysts on an avg rate the stock "hold"; their median PT is 50.50p - data compiled by LSEG

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com;))