Persimmon (LON:PSN) Given New GBX 1,615 Price Target at Citigroup

Persimmon (LON:PSN) had its price objective boosted by Citigroup from GBX 1,613 to GBX 1,615 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also issued reports on PSN. Jefferies Financial Group lowered their price target on shares of Persimmon from GBX 1,801 to GBX 1,790 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. JPMorgan Chase & Co. raised their target price on Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. The Goldman Sachs Group initiated coverage on shares of Persimmon in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price objective for the company. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,330 target price on shares of Persimmon in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,522.29.

Persimmon Stock Performance

Shares of PSN traded up GBX 41.50 during mid-day trading on Wednesday, hitting GBX 1,393. The stock had a trading volume of 2,462,656 shares, compared to its average volume of 5,053,917. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The firm has a market cap of £4.46 billion, a P/E ratio of 17.57, a PEG ratio of 0.83 and a beta of 1.37. Persimmon has a 52 week low of GBX 1,030.50 and a 52 week high of GBX 1,454. The business has a fifty day moving average price of GBX 1,313.45 and a 200-day moving average price of GBX 1,210.78.

Persimmon Company Profile

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; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.