Persimmon (LON:PSN) Earns Buy Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Persimmon (LON:PSN) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the stock. Shore Capital reaffirmed a house stock rating on shares of Global Ports in a report on Thursday, July 4th. UBS Group set a €74.00 ($86.05) target price on shares of Bayerische Motoren Werke and gave the company a neutral rating in a report on Thursday, July 4th. Peel Hunt reaffirmed a hold rating and issued a GBX 935 ($12.22) target price (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday, July 9th. Jefferies Financial Group raised shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. set a $45.00 target price on shares of Ciena and gave the company a buy rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 2,617.08 ($34.20).

LON PSN opened at GBX 1,975.50 ($25.81) on Monday. The company has a 50 day simple moving average of GBX 1,965.17. The stock has a market capitalization of $6.30 billion and a price-to-earnings ratio of 7.04. Persimmon has a one year low of GBX 1,825.50 ($23.85) and a one year high of GBX 2,523 ($32.97).

In related news, insider Rachel Kentleton acquired 658 shares of the business’s stock in a transaction on 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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