Several other research firms have also commented on PSN. JPMorgan Chase & Co. increased their target price on shares of Persimmon from GBX 2,800 ($38.68) to GBX 2,950 ($40.76) and gave the company an overweight rating in a report on Thursday, December 14th. Canaccord Genuity Group reaffirmed a hold rating and set a GBX 2,650 ($36.61) target price on shares of Persimmon in a report on Wednesday, November 8th. Numis Securities raised shares of Persimmon to an add rating and set a GBX 3,173 ($43.84) target price on the stock in a report on Wednesday, February 28th. Credit Suisse Group increased their target price on shares of 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. Finally, Barclays reduced their target price on shares of Persimmon from GBX 2,711 ($37.46) to GBX 2,551 ($35.24) and set an underweight rating on the stock in a report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,667.40 ($36.85).
Persimmon (PSN) opened at GBX 2,597 ($35.88) on Thursday. Persimmon has a twelve month low of GBX 2,046 ($28.27) and a twelve month high of GBX 2,901 ($40.08). The company has a market cap of $8,070.00 and a price-to-earnings ratio of 1,068.72.
In other Persimmon news, insider M H. Killoran sold 5,762 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were 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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