Persimmon (LON:PSN) Given “Buy” Rating at Goldman Sachs Group

Goldman Sachs Group reissued their buy rating on shares of Persimmon (LON:PSN) in a research report released on Thursday, ThisIsMoney.Co.Uk reports.

PSN has been the topic of several other reports. UBS Group restated a buy rating on shares of Persimmon in a report on Wednesday, February 27th. JPMorgan Chase & Co. restated an overweight rating on shares of Persimmon in a report on Friday, March 22nd. HSBC upgraded shares of Persimmon to a buy rating and boosted their price objective for the company from GBX 2,480 ($32.41) to GBX 2,960 ($38.68) in a report on Tuesday, March 26th. Berenberg Bank cut their price target on shares of Persimmon from GBX 2,670 ($34.89) to GBX 2,630 ($34.37) and set a hold rating on the stock in a research note on Wednesday, March 6th. Finally, Peel Hunt reiterated a hold rating on shares of Persimmon in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Persimmon currently has a consensus rating of Hold and a consensus price target of GBX 2,616.82 ($34.19).

Shares of PSN opened at GBX 1,942 ($25.38) on Thursday. The stock has a market capitalization of $6.14 billion and a P/E ratio of 6.92. Persimmon has a 12-month low of GBX 1,825.50 ($23.85) and a 12-month high of GBX 2,908 ($38.00).

In other Persimmon news, insider Rachel Kentleton purchased 658 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of GBX 2,041 ($26.67) per share, for a total transaction of £13,429.78 ($17,548.39).

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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