Jefferies Financial Group Reaffirms Buy Rating for Persimmon (LON:PSN)

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,590 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 20.73% from the company’s current price.

Other research analysts also recently issued reports about the stock. Deutsche Bank cut their price objective on shares of Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,564.30.

Persimmon Stock Performance

Shares of LON PSN traded up GBX 64.50 during midday trading on Thursday, hitting GBX 1,317. The company’s stock had a trading volume of 6,683,790 shares, compared to its average volume of 11,519,596. The stock has a fifty day moving average price of GBX 1,221.42 and a 200 day moving average price of GBX 1,188.71. Persimmon has a one year low of GBX 947.40 and a one year high of GBX 1,552. The company has a current ratio of 4.21, a quick ratio of 1.04 and a debt-to-equity ratio of 8.08. The firm has a market capitalization of £4.23 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.83 and a beta of 1.38.

Insider Buying and Selling

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of GBX 1,320, for a total value of £344,586. 2.62% of the stock is currently owned by corporate insiders.

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.