Petershill Partners (LON:PHLL) Stock Price Down 1.9% - Here's Why

Key Points

• Petershill Partners' shares dropped by 1.9%, closing at GBX 233.50 ($3.15) during Friday's trading session.
• Analysts remain optimistic about the stock, with JPMorgan setting a price target of GBX 305 and Berenberg Bank a target of GBX 320, both maintaining positive ratings.
• The company has a market cap of £2.53 billion and a notably high price-to-earnings ratio of 308.01, indicating potential overvaluation concerns.

Petershill Partners (LON:PHLL - Get Free Report)'s stock price dropped 1.9% on Friday . The company traded as low as GBX 233.50 ($3.16) and last traded at GBX 233.50 ($3.16). Approximately 711,693 shares traded hands during trading, an increase of 1% from the average daily volume of 702,012 shares. The stock had previously closed at GBX 238 ($3.22).

Analyst Upgrades and Downgrades

PHLL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Petershill Partners from GBX 298 to GBX 305 and gave the company an "overweight" rating in a report on Thursday, August 7th. Berenberg Bank restated a "buy" rating and set a GBX 320 target price on shares of Petershill Partners in a research note on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 265 price objective on shares of Petershill Partners in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 296.67.

Petershill Partners Price Performance

The firm's 50-day moving average is GBX 234.94 and its two-hundred day moving average is GBX 225.28. The company has a market cap of £2.53 billion, a P/E ratio of 308.01, a PEG ratio of 1.24 and a beta of 0.59. 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 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.