Petershill Partners (LON:PHLL) Reaches New 52-Week High – Still a Buy?

Petershill Partners (LON:PHLL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 252 ($3.19) and last traded at GBX 248.50 ($3.15), with a volume of 169596 shares changing hands. The stock had previously closed at GBX 248 ($3.14).

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PHLL shares. Berenberg Bank restated a “buy” rating and issued a GBX 235 ($2.97) price target on shares of Petershill Partners in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 245 ($3.10) target price on shares of Petershill Partners in a report on Thursday, September 5th.

Petershill Partners Stock Up 0.2 %

The company has a quick ratio of 6.11, a current ratio of 1.40 and a debt-to-equity ratio of 10.41. The firm has a 50 day moving average of GBX 224.34 and a two-hundred day moving average of GBX 216.94. The firm has a market capitalization of £2.68 billion, a price-to-earnings ratio of 1,085.87, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59.

Petershill Partners Increases Dividend

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

Insider Buying and Selling

In other Petershill Partners news, insider Naguib Kheraj bought 28,000 shares of Petershill Partners stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of GBX 255 ($3.23) per share, with a total value of £71,400 ($90,368.31). 0.72% of the stock is owned by corporate 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.