Petershill Partners (LON:PHLL) Hits New 1-Year High – Here’s Why

Petershill Partners (LON:PHLL)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 230 ($2.99) and last traded at GBX 229.50 ($2.99), with a volume of 308875 shares changing hands. The stock had previously closed at GBX 223.50 ($2.91).

Analyst Upgrades and Downgrades

Several equities analysts have commented on PHLL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 245 ($3.19) price objective on shares of Petershill Partners in a research report on Thursday, September 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 235 ($3.06) price target on shares of Petershill Partners in a research report on Wednesday, September 18th.

Petershill Partners Trading Up 3.1 %

The company has a market cap of £2.49 billion, a price-to-earnings ratio of 988.04, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59. 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 company’s 50-day moving average is GBX 216.49 and its 200 day moving average is GBX 212.40.

Petershill Partners Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, September 26th were issued a dividend of $0.14 per share. This represents a yield of 4.83%. This is an increase from Petershill Partners’s previous dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 26th. Petershill Partners’s dividend payout ratio (DPR) is presently 5,217.39%.

About Petershill Partners

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.