TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Petershill Partners PLC ( (GB:PHLL) ) is now available.
Petershill Partners PLC has announced a significant strategic move involving a US$921 million return of capital through a cancellation of its ordinary shares, which will be executed via a UK Court-sanctioned scheme of arrangement. This proposal also includes delisting the company’s shares from the London Stock Exchange. The company received a non-binding letter of intent from Aberdeen Equity Income Trust plc to support the proposal, but this intent has ceased following Aberdeen’s disposal of shares. Currently, Petershill Partners has secured irrevocable undertakings to vote in favor of the proposal from shareholders representing approximately 1.48% of the company’s issued share capital.
The most recent analyst rating on (GB:PHLL) stock is a Hold with a £3.09 price target. To see the full list of analyst forecasts on Petershill Partners PLC stock, see the GB:PHLL Stock Forecast page.
Spark’s Take on GB:PHLL Stock
According to Spark, TipRanks’ AI Analyst, GB:PHLL is a Outperform.
Petershill Partners PLC demonstrates strong financial performance and attractive valuation, with significant revenue growth and a robust balance sheet. Despite concerns over liquidity and trading discounts, the company’s strategic initiatives and positive earnings call outlook support a favorable stock score.
To see Spark’s full report on GB:PHLL stock, click here.
More about Petershill Partners PLC
Average Trading Volume: 1,713,145
Technical Sentiment Signal: Buy
Current Market Cap: £3.3B
Find detailed analytics on PHLL stock on TipRanks’ Stock Analysis page.