Persimmon (LON:PSN) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Persimmon (LON:PSN) in a report published on Monday, MarketBeat reports. The firm issued a buy rating and a GBX 1,446 target price on the stock.

PSN has been the subject of several other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,375 price target on shares of Persimmon in a report on Wednesday, August 13th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a research note on Tuesday, September 9th. Citigroup reduced their price target on Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating on the stock in a report on Thursday, August 14th. Jefferies Financial Group dropped their price objective on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 target price on shares of Persimmon in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,470.14.

Persimmon Stock Up 2.1%

PSN stock opened at GBX 1,285 on Monday. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. The firm has a 50-day moving average of GBX 1,187.07 and a two-hundred day moving average of GBX 1,210.63. Persimmon has a 12 month low of GBX 1,030.50 and a 12 month high of GBX 1,418. The company has a market cap of £4.12 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.83 and a beta of 1.37.

Insiders Place Their Bets

In other Persimmon news, insider Andrew Duxbury sold 7,132 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 1,133, for a total value of £80,805.56. Company insiders own 2.63% of the company’s stock.

Persimmon Company Profile

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; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.