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

Persimmon (LON:PSN) had its target price raised by stock analysts at Jefferies Financial Group from GBX 1,815 to GBX 1,819 in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 28.64% from the company’s current price.

Several other analysts also recently weighed in on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,330 target price on shares of Persimmon in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Persimmon from GBX 1,520 to GBX 1,800 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Citigroup boosted their target price on Persimmon from GBX 1,613 to GBX 1,615 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded Persimmon to a “hold” rating and set a GBX 1,419 target price for the company. in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group began coverage on Persimmon in a report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price target for the company. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Persimmon has a consensus rating of “Moderate Buy” and an average target price of GBX 1,513.

Persimmon Trading Up 0.2%

LON:PSN opened at GBX 1,414 on Monday. The firm has a market cap of £4.53 billion, a P/E ratio of 17.83, a PEG ratio of 0.83 and a beta of 1.37. 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 stock’s 50 day simple moving average is GBX 1,328.35 and its 200-day simple moving average is GBX 1,214.91. Persimmon has a 12-month low of GBX 1,030.50 and a 12-month 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.