Petershill Partners (LON:PHLL) Trading Up 33.3% Following Analyst Upgrade

Petershill Partners (LON:PHLL) was up 33.3% during trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 265 to GBX 309. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Petershill Partners traded as high as GBX 310.50 ($4.16) and last traded at GBX 308 ($4.13). Approximately 3,109,827 shares changed hands during mid-day trading, an increase of 340% from the average daily volume of 706,978 shares. The stock had previously closed at GBX 231 ($3.10).

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Petershill Partners from GBX 298 to GBX 305 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 320 price target on shares of Petershill Partners in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Petershill Partners has an average rating of “Moderate Buy” and a consensus price target of GBX 311.33.

Petershill Partners Stock Down 0.5%

The stock has a 50-day moving average of GBX 237.53 and a two-hundred day moving average of GBX 226.32. The company has a market cap of £3.34 billion, a P/E ratio of 406.94, a P/E/G 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.

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.