Pershing Square (OTCMKTS:PSHZF) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZFGet Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $51.51 and traded as high as $52.03. Pershing Square shares last traded at $52.03, with a volume of 5,367 shares traded.

Analyst Ratings Changes

PSHZF has been the subject of several recent research reports. UBS Group set a $40.00 target price on shares of Pershing Square in a research note on Tuesday, May 26th. Royal Bank Of Canada initiated coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating on the stock. Finally, Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.00.

Get Our Latest Stock Report on Pershing Square

Pershing Square Stock Up 2.3%

The stock has a 50 day moving average of $51.51 and a 200 day moving average of $55.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49.

About Pershing Square

(Get Free Report)

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.

Further Reading

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