Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $51.23 and traded as high as $53.00. Pershing Square shares last traded at $52.6250, with a volume of 1,933 shares changing hands.
Wall Street Analyst Weigh In
Several research firms recently commented on PSHZF. UBS Group set a $40.00 price objective on Pershing Square in a report on Tuesday, May 26th. Royal Bank Of Canada initiated coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “sector perform” rating on the stock. Finally, Jefferies Financial Group upgraded shares of Pershing Square to a “hold” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.00.
Read Our Latest Analysis on PSHZF
Pershing Square Price Performance
About Pershing Square
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.
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