Jefferies Financial Group Increases Persimmon (LON:PSN) Price Target to GBX 3,086
Persimmon (LON:PSN) had its price target upped by Jefferies Financial Group from GBX 3,003 ($36.96) to GBX 3,086 ($37.98) in a research note released on Friday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
PSN has been the subject of several other research reports. Citigroup reaffirmed a buy rating on shares of Persimmon in a research note on Thursday, June 11th. HSBC increased their price objective on Persimmon from GBX 2,850 ($35.07) to GBX 3,190 ($39.26) and gave the stock a buy rating in a research note on Tuesday, June 23rd. Liberum Capital reissued a buy rating and issued a GBX 2,490 ($30.64) target price on shares of Persimmon in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on Persimmon from GBX 2,580 ($31.75) to GBX 2,820 ($34.70) and gave the company an overweight rating in a report on Thursday, July 9th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 2,360 ($29.04) target price on shares of Persimmon in a report on Thursday, May 14th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Persimmon currently has an average rating of Buy and an average target price of GBX 2,729.79 ($33.59).
LON:PSN opened at GBX 2,656 ($32.69) on Friday. Persimmon has a 1 year low of GBX 1,367.50 ($16.83) and a 1 year high of GBX 3,328 ($40.95). The stock has a market cap of $8.40 billion and a price-to-earnings ratio of 9.89. The business has a fifty day moving average of GBX 2,354.90 and a 200-day moving average of GBX 2,452.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 4.08.
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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