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 report issued on Friday, Price Targets.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 40.45% from the company’s previous close.

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

Shares of PSN stock opened at GBX 2,549 ($34.60) on Friday. The company has a 50 day moving average of GBX 2,770.29 and a 200-day moving average of GBX 2,800.31. The company has a quick ratio of 1.62, a current ratio of 4.71 and a debt-to-equity ratio of 0.25. Persimmon has a 12-month low of GBX 2,476 ($33.61) and a 12-month high of GBX 3,272 ($44.41). The firm has a market cap of £8.13 billion and a P/E ratio of 10.31.

In other news, insider Shirine Khoury-Haq purchased 355 shares of Persimmon stock in a transaction dated Monday, November 29th. The stock was purchased at an average cost 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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