Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $51.85 and traded as low as $50.35. Pershing Square shares last traded at $50.87, with a volume of 15,108 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada assumed coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a “sector perform” rating for the company. Finally, UBS Group set a $40.00 target price on Pershing Square in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Pershing Square presently has an average rating of “Hold” and an average price target of $40.00.
Check Out Our Latest Stock Analysis on PSHZF
Pershing Square Trading Up 0.4%
Pershing Square Company Profile
Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment adviser known for fundamental, research-driven investing and active engagement with portfolio companies.
Pershing Square typically invests in large, established businesses with durable competitive advantages, strong cash-flow characteristics and opportunities for operational or strategic improvement.
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