JPMorgan Chase & Co. Reiterates “Overweight” Rating for Persimmon (PSN)
Persimmon (LON:PSN)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Analyst Ratings Net reports.
Shares of Persimmon (LON:PSN) opened at 1299.00 on Thursday. Persimmon has a one year low of GBX 773.668 and a one year high of GBX 1321.00. The stock’s 50-day moving average is GBX 1196. and its 200-day moving average is GBX 1190.. The company’s market cap is £3.940 billion.
A number of other analysts have also recently weighed in on PSN. Analysts at Jefferies Group raised their price target on shares of Persimmon from GBX 1,275 ($20.91) to GBX 1,310 ($21.49) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of Persimmon to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 1,300 ($21.32) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Persimmon in a research note to investors on Tuesday. They now have a GBX 1,310 ($21.49) price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,319.16 ($21.64).
Persimmon Plc is the holding company of the Persimmon Group of companies (LON:PSN).
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