Petershill Partners (LON:PHLL) Reaches New 1-Year High – Here’s What Happened

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

Analyst Ratings Changes

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

Petershill Partners Price Performance

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 business’s 50-day simple moving average is GBX 216.49 and its 200 day simple moving average is GBX 212.40. The firm has a market capitalization of £2.49 billion, a P/E ratio of 988.04, a PEG ratio of 1.24 and a beta of 0.59.

Petershill Partners Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, September 26th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 4.83%. This is a positive change from Petershill Partners’s previous dividend of $0.10. Petershill Partners’s dividend payout ratio (DPR) is currently 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.