Persimmon (LON:PSN) Receives Hold Rating from Peel Hunt

Persimmon (LON:PSN – Get Rating)‘s stock had its “hold” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,190 ($14.36) price target on the stock. Peel Hunt’s price objective indicates a potential downside of 9.81% from the stock’s current price.

Several other brokerages have also commented on PSN. JPMorgan Chase & Co. decreased their price objective on Persimmon from GBX 2,530 ($30.53) to GBX 2,150 ($25.94) and set an “overweight” rating for the company in a report on Wednesday, November 9th. Berenberg Bank decreased their price objective on Persimmon from GBX 1,700 ($20.51) to GBX 1,600 ($19.31) and set a “hold” rating for the company in a report on Friday, November 25th. Liberum Capital reiterated a “buy” rating and set a GBX 1,600 ($19.31) price objective on shares of Persimmon in a report on Monday, February 13th. Jefferies Financial Group reissued a “hold” rating on shares of Persimmon in a research report on Monday, February 13th. Finally, Citigroup downgraded Persimmon to a “sell” rating in a research report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,612.83 ($19.46).

Persimmon Stock Down 9.2 %

Persimmon stock opened at GBX 1,319.50 ($15.92) on Wednesday. The business has a fifty day moving average of GBX 1,380.14 and a two-hundred day moving average of GBX 1,361.83. The company has a quick ratio of 1.04, a current ratio of 4.66 and a debt-to-equity ratio of 0.27. The firm has a market cap of £4.21 billion, a P/E ratio of 581.50, a P/E/G ratio of -1.74 and a beta of 1.29. Persimmon has a twelve month low of GBX 1,113.50 ($13.44) and a twelve month high of GBX 2,498 ($30.14).

Persimmon Company Profile

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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.