Jefferies Financial Group Raises Persimmon (LON:PSN) Price Target to GBX 2,698

Persimmon (LON:PSN) had its price objective upped by Jefferies Financial Group from GBX 2,438 ($31.86) to GBX 2,698 ($35.25) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on PSN. Bank of America upped their price target on Persimmon from GBX 2,420 ($31.62) to GBX 2,750 ($35.93) and gave the stock a buy rating in a research note on Thursday, October 24th. Canaccord Genuity restated a buy rating and set a GBX 2,720 ($35.54) price target on shares of Persimmon in a research note on Tuesday, August 20th. Liberum Capital restated a buy rating on shares of Persimmon in a research note on Thursday. Deutsche Bank began coverage on Persimmon in a research note on Wednesday, September 4th. They set a buy rating and a GBX 2,386 ($31.18) price target for the company. Finally, Shore Capital restated a hold rating on shares of Persimmon in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 2,533.58 ($33.11).

Shares of Persimmon stock traded up GBX 92 ($1.20) during trading hours on Friday, hitting GBX 2,450 ($32.01). 1,381,096 shares of the company were exchanged, compared to its average volume of 1,520,000. Persimmon has a 1 year low of GBX 1,444.50 ($18.87) and a 1 year high of GBX 2,529 ($33.05). The company has a current ratio of 2.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of GBX 2,236.58 and a 200-day moving average of GBX 2,071.92. The stock has a market capitalization of $7.82 billion and a price-to-earnings ratio of 8.83.

In other Persimmon news, insider David Jenkinson sold 193,210 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 2,380 ($31.10), for a total value of £4,598,398 ($6,008,621.46).

About Persimmon

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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Analyst Recommendations for Persimmon (LON:PSN)

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