Persimmon (LON:PSN) Reaches New 1-Year High at $2,534.00

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Persimmon plc (LON:PSN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,534 ($33.11) and last traded at GBX 2,474 ($32.33), with a volume of 1353613 shares changing hands. The stock had previously closed at GBX 2,512 ($32.82).

Several analysts recently weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 2,025 ($26.46) price target on shares of Persimmon in a report on Thursday, November 7th. Peel Hunt reiterated a “hold” rating on shares of Persimmon in a report on Monday. Jefferies Financial Group lifted their price target on shares of Persimmon from GBX 2,438 ($31.86) to GBX 2,698 ($35.25) and gave the company a “buy” rating in a report on Friday, November 8th. Shore Capital reiterated a “hold” rating on shares of Persimmon in a report on Thursday, November 7th. Finally, Goldman Sachs Group lifted their price target on shares of Persimmon from GBX 2,418 ($31.60) to GBX 2,442 ($31.91) and gave the company a “buy” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,533.58 ($33.11).

The stock has a market cap of $7.88 billion and a P/E ratio of 8.91. The company has a current ratio of 2.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is GBX 2,301.70 and its 200 day moving average price is GBX 2,077.69.

In other news, insider David Jenkinson sold 193,210 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 2,380 ($31.10), for a total transaction of £4,598,398 ($6,008,621.46).

Persimmon Company Profile (LON:PSN)

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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