Persimmon (LON:PSN) Price Target Raised to GBX 2,917 at Credit Suisse Group
Persimmon (LON:PSN) had its price objective upped by Credit Suisse Group from GBX 2,701 ($33.24) to GBX 2,917 ($35.90) in a report issued on Friday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.
Several other research analysts also recently weighed in on the stock. Canaccord Genuity reissued a buy rating and issued a GBX 2,360 ($29.04) target price on shares of Persimmon in a research note on Thursday, May 14th. 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. Deutsche Bank cut their target price on shares of Persimmon from GBX 3,275 ($40.30) to GBX 2,192 ($26.98) and set a buy rating for the company in a research note on Wednesday, April 8th. Peel Hunt raised shares of Persimmon to an add rating and cut their target price for the company from GBX 2,830 ($34.83) to GBX 2,730 ($33.60) in a research note on Wednesday, July 8th. Finally, Berenberg Bank cut their target price on shares of Persimmon from GBX 3,110 ($38.27) to GBX 2,470 ($30.40) and set a buy rating for the company in a research note on Friday, March 27th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus 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. The stock has a fifty day simple moving average of GBX 2,354.90 and a 200-day simple moving average of GBX 2,452.49. Persimmon has a 52-week low of GBX 1,367.50 ($16.83) and a 52-week high of GBX 3,328 ($40.95). The company has a market capitalization of $8.40 billion and a PE ratio of 9.89. The company has a quick ratio of 0.91, a current ratio of 4.08 and a debt-to-equity ratio of 0.27.
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.
Further Reading: Profit margin is different from the revenue
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