Persimmon (LON:PSN) Earns Hold Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of Persimmon (LON:PSN) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

PSN has been the subject of a number of other reports. Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. Goldman Sachs Group set a $13.00 price target on shares of Ford Motor and gave the company a buy rating in a research report on Thursday, June 13th. HSBC reissued a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Tuesday, March 26th. JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the company a buy rating in a research report on Friday, March 22nd. Finally, Canaccord Genuity lifted their price target on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the company a buy rating in a research report on Thursday, July 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Persimmon has a consensus rating of Hold and a consensus price target of GBX 2,617.08 ($34.20).

LON PSN opened at GBX 1,989.50 ($26.00) on Tuesday. The firm has a market capitalization of $6.34 billion and a PE ratio of 7.09. The company has a 50 day simple moving average of GBX 1,965.92. Persimmon has a 12-month low of GBX 1,825.50 ($23.85) and a 12-month high of GBX 2,523 ($32.97).

In other news, insider Rachel Kentleton purchased 658 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of GBX 2,041 ($26.67) per share, with a total value of £13,429.78 ($17,548.39).

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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