Petershill Partners (LON:PHLL) Price Target Lowered to GBX 218 at JPMorgan Chase & Co.

Petershill Partners (LON:PHLL) had its price objective lowered by JPMorgan Chase & Co. from GBX 223 ($2.79) to GBX 218 ($2.73) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on PHLL. Peel Hunt reissued a buy rating and issued a GBX 290 ($3.63) price objective on shares of Petershill Partners in a research report on Friday, September 8th. Berenberg Bank restated a buy rating and set a GBX 220 ($2.75) price objective on shares of Petershill Partners in a report on Monday, July 24th.

Petershill Partners Stock Up 0.9 %

Shares of LON:PHLL opened at GBX 153.20 ($1.92) on Tuesday. Petershill Partners has a 1 year low of GBX 142 ($1.78) and a 1 year high of GBX 223.50 ($2.80). The business has a 50 day simple moving average of GBX 167.13 and a two-hundred day simple moving average of GBX 163.03. The firm has a market capitalization of £1.73 billion and a PE ratio of 15,320.00. The company has a debt-to-equity ratio of 10.49, a current ratio of 2.67 and a quick ratio of 6.11.

Petershill Partners Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, September 28th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a yield of 2.24%. Petershill Partners’s dividend payout ratio is currently 130,000.00%.

Insider Buying and Selling

In related news, insider Naguib Kheraj bought 45,000 shares of the stock in a transaction dated Thursday, June 22nd. The shares were purchased at an average price of GBX 164 ($2.05) per share, for a total transaction of £73,800 ($92,353.90). 0.28% of the stock is currently owned by corporate insiders.

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.