Persimmon (LON:PSN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Persimmon (LON:PSN) had its price target hoisted by equities research analysts at Jefferies Financial Group from GBX 1,815 to GBX 1,819 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 28.87% from the company’s previous close.

PSN has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on Persimmon in a research report on Monday, November 24th. They set a “buy” rating and a GBX 1,446 target price on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 1,330 price target on shares of Persimmon in a research note on Thursday, November 13th. Citigroup increased their price target on Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Persimmon to a “hold” rating and set a GBX 1,419 target price on the stock. in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,513.

Persimmon Trading Up 0.8%

PSN stock traded up GBX 10.59 during midday trading on Monday, hitting GBX 1,411.50. The stock had a trading volume of 807,504 shares, compared to its average volume of 4,282,924. The company has a current ratio of 4.09, a quick ratio of 1.04 and a debt-to-equity ratio of 4.91. The firm has a market cap of £4.52 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The business has a fifty day moving average price of GBX 1,321.53 and a two-hundred day moving average price of GBX 1,212.28. Persimmon has a 1-year low of GBX 1,030.50 and a 1-year high of GBX 1,454.

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.