Persimmon (LON:PSN) Price Target Increased to GBX 2,490 by Analysts at Berenberg Bank

Persimmon (LON:PSN) had its target price boosted by Berenberg Bank from GBX 2,470 ($32.27) to GBX 2,490 ($32.54) in a research note issued to investors on Wednesday, Digital Look reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group restated a hold rating on shares of Persimmon in a report on Tuesday, June 25th. UBS Group restated a buy rating on shares of Persimmon in a report on Thursday. Canaccord Genuity restated a buy rating and issued a GBX 2,720 ($35.54) price objective on shares of Persimmon in a report on Tuesday. Peel Hunt restated a hold rating on shares of Persimmon in a report on Monday. Finally, Shore Capital restated a hold rating on shares of Persimmon in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Persimmon currently has a consensus rating of Buy and an average price target of GBX 2,608.18 ($34.08).

LON PSN traded up GBX 41 ($0.54) during trading hours on Wednesday, hitting GBX 1,900 ($24.83). 1,719,119 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. The business’s 50 day moving average is GBX 1,947.26 and its 200-day moving average is GBX 2,132.08. Persimmon has a 12-month low of GBX 1,820 ($23.78) and a 12-month high of GBX 2,505 ($32.73). The firm has a market capitalization of $6.05 billion and a P/E ratio of 6.77.

In related news, insider Rachel Kentleton bought 658 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired 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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