Persimmon’s (PSN) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Persimmon (LON:PSN) in a research report report published on Thursday,Digital Look reports. They currently have a GBX 1,590 price objective on the stock.

PSN has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,350 price objective on shares of Persimmon in a report on Friday, August 7th. Deutsche Bank reduced their price objective on Persimmon from GBX 1,419 to GBX 1,403 and set a “buy” rating for the company in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,694.78.

Persimmon Price Performance

Shares of PSN opened at GBX 1,284.50 on Thursday. The firm has a fifty day simple moving average of GBX 1,227.28 and a two-hundred day simple moving average of GBX 1,187.43. The firm has a market cap of £4.13 billion, a PE ratio of 13.64, a P/E/G ratio of 0.83 and a beta of 1.38. The company has a current ratio of 4.21, a quick ratio of 1.04 and a debt-to-equity ratio of 8.08. Persimmon has a 1-year low of GBX 947.40 and a 1-year high of GBX 1,552.

Insiders Place Their Bets

In other Persimmon news, insider Andrew Duxbury sold 26,105 shares of Persimmon stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 1,320, for a total transaction of £344,586. 2.62% of the stock is owned by corporate insiders.

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.