Petershill Partners (LON:PHLL) Reaches New 1-Year High - Here's Why

Petershill Partners (LON:PHLL - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 247 ($3.13) and last traded at GBX 244.50 ($3.10), with a volume of 12223 shares. The stock had previously closed at GBX 241 ($3.05).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 235 ($2.98) price target on shares of Petershill Partners in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 245 ($3.11) price target on shares of Petershill Partners in a research report on Thursday, September 5th.

Petershill Partners Stock Up 6.2 %

The company has a market capitalization of £2.76 billion, a price-to-earnings ratio of 1,113.04, a PEG ratio of 1.24 and a beta of 0.59. The company has a debt-to-equity ratio of 10.41, a quick ratio of 6.11 and a current ratio of 1.40. The business's 50 day moving average is GBX 218.89 and its 200 day moving average is GBX 214.25.

Petershill Partners Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.18 per share. 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 payout ratio is presently 5,217.39%.

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.