Persimmon (LON:PSN) Given New GBX 1,240 Price Target at Berenberg Bank

Persimmon (LON:PSN) had its price objective hoisted by research analysts at Berenberg Bank from GBX 1,150 to GBX 1,240 in a note issued to investors on Friday, Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank‘s price target indicates a potential downside of 3.16% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,350 price objective on shares of Persimmon in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,590 target price on shares of Persimmon in a research note on Thursday. Finally, Deutsche Bank dropped their target price on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating on the stock in a report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,694.78.

Persimmon Trading Down 1.0%

Shares of Persimmon stock opened at GBX 1,280.50 on Friday. The company has a debt-to-equity ratio of 8.08, a current ratio of 4.21 and a quick ratio of 1.04. The firm has a fifty day moving average price of GBX 1,224.52 and a 200 day moving average price of GBX 1,188.12. Persimmon has a 1 year low of GBX 947.40 and a 1 year high of GBX 1,552. The stock has a market cap of £4.11 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38.

Insider Buying and Selling

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. Insiders own 2.62% of the company’s stock.

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.