Persimmon (LON:PSN) Price Target Raised to GBX 1,615

Persimmon (LON:PSN) had its price objective boosted by analysts at Citigroup from GBX 1,613 to GBX 1,615 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 16.65% from the stock’s current price.

A number of other analysts also recently weighed in on PSN. Peel Hunt restated a “buy” rating and issued a GBX 1,330 target price on shares of Persimmon in a research report on Thursday, November 13th. Jefferies Financial Group decreased their price target on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. The Goldman Sachs Group started coverage on shares of Persimmon in a report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,522.29.

Persimmon Trading Up 2.4%

LON PSN opened at GBX 1,384.50 on Wednesday. The stock’s 50-day simple moving average is GBX 1,313.45 and its two-hundred day simple moving average is GBX 1,210.78. Persimmon has a twelve month low of GBX 1,030.50 and a twelve month high of GBX 1,454. The company has a quick ratio of 1.04, a current ratio of 4.09 and a debt-to-equity ratio of 4.91. The company has a market capitalization of £4.44 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.83 and a beta of 1.37.

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. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.