Barclays Reaffirms Underweight Rating for Persimmon (PSN)
A number of other brokerages have also recently issued reports on PSN. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 2,950 ($40.76) target price on shares of Persimmon in a report on Monday, January 8th. Liberum Capital raised their target price on shares of Persimmon from GBX 2,382 ($32.91) to GBX 2,740 ($37.86) and gave the stock a hold rating in a report on Wednesday, January 3rd. Citigroup reaffirmed a neutral rating and set a GBX 2,860 ($39.51) price target on shares of Persimmon in a report on Wednesday, January 10th. Deutsche Bank reaffirmed a hold rating and set a GBX 2,464 ($34.04) price target on shares of Persimmon in a report on Monday, December 18th. Finally, Credit Suisse Group lifted their price target on Persimmon from GBX 2,529 ($34.94) to GBX 2,840 ($39.24) and gave the company a neutral rating in a report on Monday, March 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 2,718.79 ($37.56).
Persimmon stock opened at GBX 2,489 ($34.39) on Monday. Persimmon has a twelve month low of GBX 2,046 ($28.27) and a twelve month high of GBX 2,901 ($40.08). The stock has a market cap of $7,910.00 and a PE ratio of 1,024.28.
In other news, insider Rachel Kentleton bought 545 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of GBX 2,547 ($35.19) per share, with a total value of £13,881.15 ($19,178.16). Also, insider M H. Killoran sold 5,762 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of GBX 2,651 ($36.63), for a total value of £152,750.62 ($211,039.82).
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Persimmon Plc is a United Kingdom-based holding company. The Company is engaged in house building within the United Kingdom. The Company trades under the brand names of Persimmon Homes, Charles Church, Westbury Partnerships and Space4. The Company offers a range of homes from studio apartments to family homes in approximately 400 locations under Persimmon Homes brand.
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