Persimmon (LON:PSN) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Persimmon (LON:PSNGet Rating) in a report issued on Wednesday, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on PSN. Liberum Capital reaffirmed a buy rating and issued a GBX 2,630 ($31.78) target price on shares of Persimmon in a report on Wednesday, May 25th. Citigroup restated a neutral rating and set a GBX 1,930 ($23.32) target price on shares of Persimmon in a research report on Friday, July 8th. Finally, Berenberg Bank lowered shares of Persimmon to a hold rating and decreased their target price for the stock from GBX 3,440 ($41.57) to GBX 1,700 ($20.54) in a research report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of GBX 2,448.14 ($29.58).

Persimmon Price Performance

Shares of PSN stock opened at GBX 1,381 ($16.69) on Wednesday. The firm has a market capitalization of £4.41 billion and a price-to-earnings ratio of 625.00. Persimmon has a 12-month low of GBX 1,320.50 ($15.96) and a 12-month high of GBX 2,930 ($35.40). The firm has a fifty day moving average of GBX 1,673.63 and a 200-day moving average of GBX 1,957.57. The company has a quick ratio of 1.04, a current ratio of 4.66 and a debt-to-equity ratio of 0.27.

Persimmon Company Profile

(Get Rating)

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; executive housing under the Charles Church brand name; 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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