Petershill Partners (LON:PHLL) Reaches New 1-Year High – Still a Buy?

Petershill Partners (LON:PHLL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 275.73 ($3.45) and last traded at GBX 252.50 ($3.16), with a volume of 227730 shares trading hands. The stock had previously closed at GBX 255.50 ($3.19).

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 245 ($3.06) price objective on shares of Petershill Partners in a report on Thursday, September 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 235 ($2.94) target price on shares of Petershill Partners in a research report on Wednesday, September 18th.

Petershill Partners Price Performance

The company has a market cap of £2.72 billion, a P/E ratio of 1,093.48, a PEG ratio of 1.24 and a beta of 0.59. The firm’s 50-day moving average is GBX 235.12 and its two-hundred day moving average is GBX 221.38. The company has a debt-to-equity ratio of 10.41, a current ratio of 1.40 and a quick ratio of 6.11.

Petershill Partners Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be issued a $0.18 dividend. The ex-dividend date of this dividend 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%.

Insider Activity at Petershill Partners

In other news, insider Naguib Kheraj bought 28,000 shares of Petershill Partners stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of GBX 255 ($3.19) per share, with a total value of £71,400 ($89,238.85). 0.72% of the stock is owned by 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.