Persimmon (LON:PSN) Price Target Raised to GBX 1,800 at JPMorgan Chase & Co.

Persimmon (LON:PSN) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,520 to GBX 1,800 in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently weighed in on PSN. The Goldman Sachs Group started coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price objective for the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,300 target price on shares of Persimmon in a report on Tuesday, September 9th. Peel Hunt reiterated a “buy” rating and set a GBX 1,330 price target on shares of Persimmon in a research note on Thursday, November 13th. Citigroup lowered their price objective on shares of Persimmon from GBX 1,573 to GBX 1,530 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,375 price objective on shares of Persimmon in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Persimmon currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,510.14.

Persimmon Stock Up 0.3%

Persimmon stock opened at GBX 1,344 on Thursday. The company has a market capitalization of £4.30 billion, a P/E ratio of 16.95, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon has a fifty-two week low of GBX 1,030.50 and a fifty-two week high of GBX 1,418. The stock has a 50-day simple moving average of GBX 1,222.14 and a 200-day simple moving average of GBX 1,211.22.

Insider Transactions at Persimmon

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

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; 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.