Persimmon (LON:PSN) Rating Reiterated by UBS Group

UBS Group restated their buy rating on shares of Persimmon (LON:PSN) in a research note released on Wednesday, Stock Target Advisor reports. The brokerage currently has a GBX 2,670 ($34.89) price target on the stock, up from their prior price target of GBX 2,620 ($34.23).

A number of other research firms also recently weighed in on PSN. Shore Capital reiterated a hold rating on shares of Persimmon in a report on Thursday, November 7th. Peel Hunt reissued a hold rating and issued a GBX 2,025 ($26.46) target price on shares of Persimmon in a research report on Thursday, November 7th. Deutsche Bank began coverage on Persimmon in a research note on Wednesday, September 4th. They issued a buy rating and a GBX 2,386 ($31.18) target price for the company. Jefferies Financial Group lifted their price target on Persimmon from GBX 2,438 ($31.86) to GBX 2,698 ($35.25) and gave the company a buy rating in a research report on Friday, November 8th. Finally, Bank of America upped their price target on Persimmon from GBX 2,420 ($31.62) to GBX 2,750 ($35.93) and gave the stock a buy rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 2,539.42 ($33.18).

Shares of PSN opened at GBX 2,525 ($32.99) on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.85 and a quick ratio of 0.68. Persimmon has a one year low of GBX 1,444.50 ($18.87) and a one year high of GBX 2,625 ($34.30). The company has a 50-day simple moving average of GBX 2,426.44 and a two-hundred day simple moving average of GBX 2,107.82. The firm has a market capitalization of $8.05 billion and a PE ratio of 9.10.

In other Persimmon news, insider David Jenkinson sold 193,210 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of GBX 2,380 ($31.10), for a total value of £4,598,398 ($6,008,621.46).

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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