Persimmon (LON:PSN) Given Hold Rating at Peel Hunt

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Peel Hunt reissued their hold rating on shares of Persimmon (LON:PSN) in a research note published on Thursday morning, Digital Look reports. Peel Hunt currently has a GBX 2,025 ($26.46) price objective on the stock.

PSN has been the subject of a number of other reports. UBS Group reaffirmed a buy rating on shares of Persimmon in a report on Friday, November 1st. Liberum Capital reaffirmed a buy rating on shares of Persimmon in a report on Thursday. Bank of America increased their price objective on shares of Persimmon from GBX 2,420 ($31.62) to GBX 2,750 ($35.93) and gave the company a buy rating in a report on Thursday, October 24th. Shore Capital reaffirmed a hold rating on shares of Persimmon in a report on Tuesday, August 20th. Finally, Goldman Sachs Group increased their price objective on shares of Persimmon from GBX 2,418 ($31.60) to GBX 2,442 ($31.91) and gave the company a buy rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Persimmon has a consensus rating of Buy and a consensus target price of GBX 2,533.58 ($33.11).

PSN traded down GBX 4 ($0.05) during trading on Thursday, reaching GBX 2,358 ($30.81). 995,692 shares of the company traded hands, compared to its average volume of 1,520,000. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 2.85. Persimmon has a 12-month low of GBX 1,444.50 ($18.87) and a 12-month high of GBX 2,529 ($33.05). The firm has a fifty day simple moving average of GBX 2,236.58 and a 200 day simple moving average of GBX 2,071.92. The company has a market cap of $7.50 billion and a P/E ratio of 8.49.

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

Persimmon Company Profile

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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