Persimmon (LON:PSN) Receives “Hold” Rating from Peel Hunt

Peel Hunt reissued their hold rating on shares of Persimmon (LON:PSN) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also weighed in on the stock. UBS Group set a €74.00 ($86.05) price target on shares of Bayerische Motoren Werke and gave the company a neutral rating in a research note on Thursday, July 4th. Liberum Capital reissued a buy rating on shares of Air Partner in a research report on Thursday, July 4th. HSBC reissued a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Tuesday, March 26th. Shore Capital reissued a house stock rating on shares of Global Ports in a research report on Thursday, July 4th. Finally, Jefferies Financial Group raised shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Persimmon has an average rating of Hold and an average price target of GBX 2,617.08 ($34.20).

Shares of PSN opened at GBX 1,968.50 ($25.72) on Tuesday. Persimmon has a twelve month low of GBX 1,825.50 ($23.85) and a twelve month high of GBX 2,523 ($32.97). The firm has a 50 day moving average of GBX 1,965.13. The company has a market capitalization of $6.24 billion and a price-to-earnings ratio of 7.01.

In other Persimmon news, insider Rachel Kentleton acquired 658 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of GBX 2,041 ($26.67) per share, with a total value of £13,429.78 ($17,548.39).

About Persimmon

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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