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

Peel Hunt restated their hold rating on shares of Persimmon (LON:PSN) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on PSN. Jefferies Financial Group reissued a hold rating on shares of Persimmon in a report on Tuesday, June 25th. Canaccord Genuity reissued a buy rating and set a GBX 2,720 ($35.54) price objective on shares of Persimmon in a report on Thursday, July 4th. Goldman Sachs Group reissued a buy rating on shares of Persimmon in a report on Thursday, June 13th. UBS Group reissued a buy rating and set a GBX 2,620 ($34.23) price objective (down previously from GBX 2,650 ($34.63)) on shares of Persimmon in a report on Thursday, July 4th. Finally, Liberum Capital reissued a buy rating on shares of Persimmon in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 2,617.08 ($34.20).

PSN opened at GBX 1,962.50 ($25.64) on Monday. Persimmon has a 1 year low of GBX 1,825.50 ($23.85) and a 1 year high of GBX 2,505 ($32.73). The firm has a market cap of $6.25 billion and a P/E ratio of 6.99. The business’s 50 day simple moving average is GBX 1,973.33.

In related news, insider Rachel Kentleton bought 658 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of GBX 2,041 ($26.67) per share, with a total value of £13,429.78 ($17,548.39).

Persimmon Company Profile

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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