Persimmon (LON:PSN) Upgraded by JPMorgan Chase & Co. to “Overweight”

Persimmon (LON:PSN) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a report issued on Friday, Digital Look reports. The firm presently has a GBX 1,510 ($19.11) price target on the stock, up from their prior price target of GBX 1,190 ($15.06). JPMorgan Chase & Co.‘s price target would suggest a potential upside of 17.17% from the stock’s current price.

Persimmon Stock Up 1.8 %

Shares of PSN stock traded up GBX 23.23 ($0.29) on Friday, hitting GBX 1,288.73 ($16.31). The stock had a trading volume of 877,990 shares, compared to its average volume of 1,235,772. The company has a quick ratio of 1.04, a current ratio of 4.54 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of GBX 1,349.80 and a 200 day moving average price of GBX 1,278.15. Persimmon has a one year low of GBX 925 ($11.71) and a one year high of GBX 1,501 ($19.00). The company has a market cap of £4.12 billion, a PE ratio of 1,610.91, a P/E/G ratio of -1.74 and a beta of 1.36.

Insider Activity

In related news, insider Dean K. Finch acquired 7,621 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of GBX 1,315 ($16.64) per share, for a total transaction of £100,216.15 ($126,839.83). Company insiders own 3.46% 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.