Persimmon (LON:PSN) Given “Buy” Rating at Goldman Sachs Group

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Goldman Sachs Group reissued their buy rating on shares of Persimmon (LON:PSN) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity reissued a buy rating and set a GBX 2,720 ($35.54) price objective on shares of Persimmon in a report on Thursday, July 4th. Peel Hunt reissued a hold rating on shares of Persimmon in a report on Monday, July 29th. Liberum Capital reissued a buy rating on shares of Persimmon in a report on Monday, July 15th. Jefferies Financial Group reissued a hold rating on shares of Persimmon in a report on Tuesday, June 25th. Finally, Shore Capital reissued a hold rating on shares of Persimmon in a report on Thursday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 2,620.91 ($34.25).

PSN opened at GBX 1,850.50 ($24.18) on Tuesday. The firm has a 50 day moving average price of GBX 1,963.19 and a 200-day moving average price of GBX 2,143.43. Persimmon has a twelve month low of GBX 1,825.50 ($23.85) and a twelve month high of GBX 2,505 ($32.73). The stock has a market capitalization of $5.85 billion and a price-to-earnings ratio of 6.59.

In other Persimmon news, insider Rachel Kentleton bought 658 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of GBX 2,041 ($26.67) per share, for a total transaction of £13,429.78 ($17,548.39).

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes 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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