Persimmon (LON:PSN) Earns “Buy” Rating from Goldman Sachs Group

Goldman Sachs Group restated their buy rating on shares of Persimmon (LON:PSN) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

PSN has been the topic of several other reports. Peel Hunt reiterated a hold rating on shares of Persimmon in a research note on Monday, July 29th. UBS Group reiterated a buy rating and issued a GBX 2,620 ($34.23) target price (down from GBX 2,650 ($34.63)) on shares of Persimmon in a research note on Thursday, July 4th. Canaccord Genuity reiterated a buy rating and issued a GBX 2,720 ($35.54) target price on shares of Persimmon in a research note on Thursday, July 4th. Liberum Capital reiterated a buy rating on shares of Persimmon in a research note on Monday, July 15th. Finally, Jefferies Financial Group reiterated a hold rating on shares of Persimmon in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 2,620.91 ($34.25).

LON PSN opened at GBX 1,850.50 ($24.18) on Tuesday. Persimmon has a 1 year low of GBX 1,825.50 ($23.85) and a 1 year high of GBX 2,505 ($32.73). The stock has a market capitalization of $5.85 billion and a PE ratio of 6.59. The company’s 50 day simple moving average is GBX 1,963.19 and its two-hundred day simple moving average is GBX 2,143.43.

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

Persimmon Company Profile

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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