Persimmon (LON:PSN) PT Raised to GBX 3,580

Persimmon (LON:PSN) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 3,530 ($47.92) to GBX 3,580 ($48.60) in a research note issued to investors on Friday, Analyst Ratings Network reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 40.45% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank upped their price objective on shares of Persimmon from GBX 3,340 ($45.34) to GBX 3,410 ($46.29) and gave the stock a “buy” rating in a report on Monday, November 22nd. Barclays cut shares of Persimmon to an “underweight” rating and cut their price objective for the stock from GBX 3,000 ($40.72) to GBX 2,500 ($33.94) in a report on Monday, December 6th. Deutsche Bank Aktiengesellschaft cut shares of Persimmon to a “hold” rating and cut their price objective for the stock from GBX 3,268 ($44.36) to GBX 2,897 ($39.32) in a report on Friday. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,440 ($46.69) price objective on shares of Persimmon in a report on Thursday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 3,186.58 ($43.25).

Shares of LON PSN opened at GBX 2,549 ($34.60) on Friday. Persimmon has a 1 year low of GBX 2,476 ($33.61) and a 1 year high of GBX 3,272 ($44.41). The company has a debt-to-equity ratio of 0.25, a current ratio of 4.71 and a quick ratio of 1.62. The company’s 50-day moving average is GBX 2,770.29 and its 200 day moving average is GBX 2,800.31. The stock has a market capitalization of £8.13 billion and a P/E ratio of 10.31.

In other news, insider Shirine Khoury-Haq bought 355 shares of the company’s stock in a transaction dated Monday, November 29th. The shares were purchased at an average price of GBX 2,795 ($37.94) per share, for a total transaction of £9,922.25 ($13,468.51).

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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