Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.23 and traded as low as $51.16. Pershing Square shares last traded at $51.45, with a volume of 9,428 shares traded.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PSHZF. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a research note 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 for the company. Finally, UBS Group set a $40.00 price objective on Pershing Square in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Pershing Square currently has a consensus rating of “Hold” and an average target price of $40.00.
Check Out Our Latest Stock Report on Pershing Square
Pershing Square Trading Down 2.4%
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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