Petershill Partners (LON:PHLL) Sets New 12-Month High – Here’s Why

Shares of Petershill Partners (LON:PHLL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 257.50 ($3.28) and last traded at GBX 257.50 ($3.28), with a volume of 359244 shares traded. The stock had previously closed at GBX 251.50 ($3.21).

Analyst Ratings Changes

Several equities analysts have recently weighed in on PHLL shares. Berenberg Bank reissued a “buy” rating and set a GBX 235 ($3.00) price target on shares of Petershill Partners in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 245 ($3.12) price objective on shares of Petershill Partners in a research report on Thursday, September 5th.

Petershill Partners Price Performance

The firm has a 50 day moving average price of GBX 227.65 and a 200 day moving average price of GBX 218.59. The stock has a market capitalization of £2.78 billion, a PE ratio of 1,093.48, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59. The company has a current ratio of 1.40, a quick ratio of 6.11 and a debt-to-equity ratio of 10.41.

Petershill Partners Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Petershill Partners’s previous dividend of $0.14. This represents a dividend yield of 6.21%. Petershill Partners’s payout ratio is 5,217.39%.

Insiders Place Their Bets

In related news, insider Naguib Kheraj bought 28,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of GBX 255 ($3.25) per share, with a total value of £71,400 ($91,013.38). 0.72% of the stock is owned by company insiders.

Petershill Partners Company Profile

Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021. The company was founded in 2007 and is based in London, the United Kingdom.