Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $51.37 and traded as high as $53.6510. Pershing Square shares last traded at $52.68, with a volume of 5,552 shares.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on PSHZF shares. Jefferies Financial Group raised Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Royal Bank Of Canada began coverage on shares of Pershing Square in a report on Tuesday, May 26th. They issued a “sector perform” rating on the stock. Finally, UBS Group set a $40.00 price objective on shares of Pershing Square in a report on Tuesday, May 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.00.
Check Out Our Latest Research Report on Pershing Square
Pershing Square Price Performance
Pershing Square Company Profile
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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