Persimmon (LON:PSN) Rating Reiterated by Liberum Capital

Persimmon (LON:PSNGet Rating)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 2,630 ($33.09) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 23.19% from the stock’s current price.

Several other equities analysts have also weighed in on PSN. Barclays restated an “underweight” rating and issued a GBX 2,250 ($28.31) price target on shares of Persimmon in a research note on Friday, January 28th. Berenberg Bank lifted their price target on Persimmon from GBX 3,410 ($42.91) to GBX 3,440 ($43.29) and gave the company a “buy” rating in a research note on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Persimmon in a research note on Tuesday, February 8th. Morgan Stanley restated an “equal weight” rating on shares of Persimmon in a research note on Wednesday, May 11th. Finally, JPMorgan Chase & Co. cut their price target on Persimmon from GBX 3,580 ($45.05) to GBX 2,830 ($35.61) and set an “overweight” rating for the company in a research note on Friday, March 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 2,956.50 ($37.20).

LON PSN opened at GBX 2,135 ($26.87) on Wednesday. The stock has a 50-day simple moving average of GBX 2,155.90 and a two-hundred day simple moving average of GBX 2,436.68. The firm has a market capitalization of £6.82 billion and a P/E ratio of 8.69. Persimmon has a fifty-two week low of GBX 2,005 ($25.23) and a fifty-two week high of GBX 3,272 ($41.17). The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.57 and a current ratio of 4.88.

In other news, insider Dean K. Finch sold 7,102 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of GBX 2,271 ($28.58), for a total transaction of £161,286.42 ($202,952.59).

About Persimmon (Get Rating)

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 name; 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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