JPMorgan Chase & Co. Reaffirms Overweight Rating for Persimmon (PSN)

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Persimmon (LON:PSN)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday.

PSN has been the topic of several other reports. Liberum Capital lifted their price objective on shares of Persimmon from GBX 2,700 ($35.28) to GBX 2,800 ($36.59) and gave the company a “buy” rating in a research report on Monday, February 11th. Peel Hunt reiterated a “hold” rating on shares of Persimmon in a research report on Tuesday, January 15th. UBS Group reiterated a “buy” rating on shares of Persimmon in a research report on Wednesday, February 27th. Berenberg Bank cut their price objective on shares of Persimmon from GBX 2,670 ($34.89) to GBX 2,630 ($34.37) and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Persimmon in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 2,597.50 ($33.94).

Persimmon stock opened at GBX 2,154 ($28.15) on Friday. The stock has a market capitalization of $6.84 billion and a PE ratio of 7.67. Persimmon has a 1 year low of GBX 1,825.50 ($23.85) and a 1 year high of GBX 2,913 ($38.06).

In other Persimmon news, insider M H. Killoran sold 5,088 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of GBX 2,444 ($31.94), for a total transaction of £124,350.72 ($162,486.24).

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; builds executive housing under the Charles Church brand; and operates off-site manufacturing plant. It also provides homes to housing associations under the Westbury Partnerships brand.

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Analyst Recommendations for Persimmon (LON:PSN)

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