Persimmon’s (PSN) Buy Rating Reiterated at UBS Group

UBS Group restated their buy rating on shares of Persimmon (LON:PSN) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity reissued a buy rating and set a GBX 2,720 ($35.54) target price on shares of Persimmon in a research note on Tuesday, August 20th. Peel Hunt reissued a hold rating on shares of Persimmon in a research note on Monday, August 19th. Goldman Sachs Group reissued a buy rating on shares of Persimmon in a research note on Tuesday, August 13th. Liberum Capital reissued a buy rating on shares of Persimmon in a research note on Monday, July 15th. Finally, Shore Capital reissued a hold rating on shares of Persimmon in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Persimmon currently has a consensus rating of Buy and an average price target of GBX 2,608.18 ($34.08).

Shares of LON PSN opened at GBX 1,909.50 ($24.95) on Thursday. Persimmon has a twelve month low of GBX 1,802.50 ($23.55) and a twelve month high of GBX 2,495 ($32.60). The firm has a fifty day simple moving average of GBX 1,944.42 and a 200 day simple moving average of GBX 2,127.02. The company has a market capitalization of $6.08 billion and a PE ratio of 6.80.

In related news, insider Rachel Kentleton purchased 658 shares of Persimmon stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of GBX 2,041 ($26.67) per share, for a total transaction 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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