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

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

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

Persimmon Trading Down 1.0%

LON PSN opened at GBX 1,280.50 on Friday. Persimmon has a 52 week low of GBX 947.40 and a 52 week high of GBX 1,552. The company has a 50 day moving average price of GBX 1,224.52 and a 200 day moving average price of GBX 1,188.12. The company has a quick ratio of 1.04, a current ratio of 4.21 and a debt-to-equity ratio of 8.08. The firm 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 Activity

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

About Persimmon

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.